Credit Industriel ET Commercial Sells 43,170 Shares of Amazon.com, Inc. $AMZN

Key Points

• Credit Industriel ET Commercial cut its Amazon position by 44.7% in the fourth quarter, selling 43,170 shares and leaving it with 53,514 shares worth about $12.35 million.
• Amazon reported strong quarterly results, with EPS of $2.78 beating expectations and revenue rising 16.6% year over year to $181.52 billion, while analysts continue to rate the stock a Moderate Buy with an average target price of $312.66.
• Recent news around Amazon has been broadly positive, including a $6 billion AWS deal with Snowflake and continued optimism about AWS, AI growth, and margin expansion, though there are some headwinds from insider selling and a legal issue in Australia.

Credit Industriel ET Commercial trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,514 shares of the e-commerce giant's stock after selling 43,170 shares during the quarter. Amazon.com makes up 0.9% of Credit Industriel ET Commercial's holdings, making the stock its 11th largest position. Credit Industriel ET Commercial's holdings in Amazon.com were worth $12,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Amazon.com by 5.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,415,372 shares of the e-commerce giant's stock valued at $4,850,582,000 after purchasing an additional 1,080,890 shares during the period. Wulff Hansen & CO. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $4,483,000. Providence First Trust Co raised its holdings in shares of Amazon.com by 14.0% in the 4th quarter. Providence First Trust Co now owns 6,909 shares of the e-commerce giant's stock valued at $1,595,000 after purchasing an additional 849 shares during the period. AssuredPartners Investment Advisors LLC raised its holdings in shares of Amazon.com by 45.9% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 18,892 shares of the e-commerce giant's stock valued at $4,361,000 after purchasing an additional 5,940 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Amazon.com by 1.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,571,406 shares of the e-commerce giant's stock valued at $362,712,000 after purchasing an additional 29,850 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $274.00 on Friday. The company's 50 day moving average price is $244.17 and its two-hundred day moving average price is $232.34. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The firm has a market cap of $2.95 trillion, a PE ratio of 32.78, a PEG ratio of 2.04 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business's revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. William Blair reiterated an "outperform" rating on shares of Amazon.com in a research note on Thursday, April 9th. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, May 6th. Finally, President Capital decreased their price target on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $312.66.

Key Amazon.com News

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

• Positive Sentiment: Amazon Web Services got a major lift from news that Snowflake signed a $6 billion multiyear deal with AWS, underscoring strong demand for Amazon’s cloud infrastructure and AI-related chips. Article Title
• Positive Sentiment: Multiple analysts and market commentators remain bullish on AMZN, citing AWS acceleration, AI backlog growth, and margin expansion potential; UBS and Bank of America both reiterated constructive views and high price targets. Article Title
• Positive Sentiment: Amazon is also broadening its AI moat by making its shopping AI tools and potentially even SpaceX’s Grok models available through AWS, which could attract more enterprise customers and deepen platform usage. Article Title
• Positive Sentiment: Investor sentiment was helped by coverage arguing Amazon’s AI strategy is differentiated and that its cloud and retail ecosystem could remain a long-term winner as AI spending scales. Article Title
• Neutral Sentiment: Walmart’s expansion of 30-minute delivery adds competitive pressure in fast delivery, but it also confirms Amazon’s fulfillment model is still setting the pace in retail logistics. Article Title
• Negative Sentiment: Amazon’s local unit is facing an Australian regulator lawsuit over alleged missing warning labels on children’s backpacks with button batteries, creating a small legal and reputational headwind. Article Title
• Negative Sentiment: Some articles also pointed to heavy AI capex and insider selling, which may remind investors to watch margins and execution even as the growth narrative stays intact. Article Title

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. This represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares in the company, valued at approximately $598,335,650. The trade was a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 195,774 shares of company stock worth $51,552,494. 8.90% of the stock is currently owned by company insiders.

About Amazon.com

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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