CPC Advisors LLC Sells 23,811 Shares of Amazon.com, Inc. $AMZN

Key Points

• CPC Advisors LLC reduced its Amazon stake by 51.6% in the first quarter, selling 23,811 shares and leaving it with 22,360 shares worth about $4.657 million.
• Several large institutions remain heavily invested in Amazon, and overall institutional ownership stands at 72.20% of the company’s stock.
• Amazon reported strong quarterly results, with EPS of $2.78 and revenue of $181.52 billion, both ahead of analyst expectations, even as the stock was down about 3.1% and trading at $227.01.

CPC Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,360 shares of the e-commerce giant's stock after selling 23,811 shares during the quarter. Amazon.com accounts for about 0.8% of CPC Advisors LLC's portfolio, making the stock its 28th biggest holding. CPC Advisors LLC's holdings in Amazon.com were worth $4,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. State Street Corp lifted its stake in Amazon.com by 1.8% in the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock valued at $89,708,913,000 after acquiring an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Amazon.com by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock valued at $51,753,622,000 after acquiring an additional 2,479,324 shares during the period. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter worth about $32,868,735,000. Finally, Auto Owners Insurance Co raised its holdings in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the transaction, the vice president owned 119,780 shares of the company's stock, valued at $31,427,876.40. This represents a 1.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the transaction, the chief executive officer owned 14,159 shares of the company's stock, valued at $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,614,434 over the last three months. 8.90% of the stock is owned by corporate insiders.

Amazon.com Stock Down 3.1%

Shares of AMZN opened at $227.01 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The firm has a 50 day simple moving average of $255.85 and a two-hundred day simple moving average of $234.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market cap of $2.44 trillion, a P/E ratio of 27.15, a P/E/G ratio of 1.75 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Amazon.com's revenue was up 16.6% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. JPMorgan Chase & Co. upped their price objective on Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Pivotal Research restated a "buy" rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Amazon.com from $310.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Evercore boosted their price objective on Amazon.com from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their price target on Amazon.com from $300.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $312.78.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon is making a major long-term growth bet by adding another $13 billion to its India investment, bringing planned spending there to $48 billion through 2030 to expand AI, cloud and logistics infrastructure. Amazon to invest additional $13 billion in India
• Positive Sentiment: Prime Day traffic and demand remain a tailwind, with reports showing strong early spending and AI-powered shopping activity supporting the case for a near-term revenue beat. US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
• Positive Sentiment: Amazon is also getting support from investors and analysts, including hedge-fund buying and reiterated buy ratings, which signal continued confidence in AWS, advertising and long-term growth. Amazon (AMZN) Stock: Why These Hedge Fund Heavyweights Are Piling In
• Neutral Sentiment: Amazon’s eero unit gained attention after Kinetic launched AlwaysOn Wi‑Fi powered by eero Signal, a partnership that reinforces Amazon’s ecosystem but is unlikely to move AMZN materially on its own. Kinetic Launches AlwaysOn Wi-Fi Powered by eero Signal
• Neutral Sentiment: Amazon also continued to win attention for new AI and cloud integrations, including Bedrock ecosystem expansion and third-party product integrations, which support the AWS growth narrative but are incremental rather than immediate catalysts.
• Negative Sentiment: European regulators said Amazon Web Services may face stricter “gatekeeper” rules under the Digital Markets Act, raising the risk of more compliance costs and possible operating restrictions for AWS in Europe. Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
• Negative Sentiment: Several reports said AMZN broke below a key technical level and is trading weakly versus the broader market, suggesting the recent pullback may be driven by chart pressure and profit-taking. Amazon Stock Slips Below Key Level On Rough Day For Cloud Hyperscaler Stocks

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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