Draper Asset Management LLC Sells 3,049 Shares of Amazon.com, Inc. $AMZN

Key Points

• Draper Asset Management trimmed its Amazon stake by 2.5%, selling 3,049 shares and leaving 120,970 shares valued at about $27.92 million, with Amazon representing 14.7% of Draper's holdings (its 4th largest position).
• Amazon beat Q1 estimates, reporting $2.78 EPS vs. $1.63 expected and $181.52 billion in revenue (up 16.6% year-over-year), prompting analyst upgrades and an average price target near $311.65.
• Amazon launched Amazon Supply Chain Services to open its logistics network to other businesses—a potential new high-margin revenue stream—while heavy AI/capex spending is noted as weighing on near-term free cash flow and raising macro cost concerns.

Draper Asset Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,970 shares of the e-commerce giant's stock after selling 3,049 shares during the quarter. Amazon.com accounts for 14.7% of Draper Asset Management LLC's holdings, making the stock its 4th biggest position. Draper Asset Management LLC's holdings in Amazon.com were worth $27,922,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after acquiring an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Norges Bank bought a new stake in Amazon.com during the second quarter worth about $27,438,011,000. Finally, Northern Trust Corp raised its holdings in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ:AMZN opened at $271.90 on Tuesday. The company has a market cap of $2.92 trillion, a P/E ratio of 32.52, a P/E/G ratio of 2.01 and a beta of 1.46. The firm's fifty day moving average price is $223.63 and its two-hundred day moving average price is $227.48. Amazon.com, Inc. has a one year low of $183.85 and a one year high of $276.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The company had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. Amazon.com's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. Equities analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a research note on Monday. Telsey Advisory Group upped their price objective on Amazon.com from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Wells Fargo & Company reissued an "overweight" rating and issued a $313.00 price objective (up from $307.00) on shares of Amazon.com in a report on Thursday. Scotiabank reissued an "outperform" rating and issued a $325.00 target price (up from $275.00) on shares of Amazon.com in a research note on Thursday. Finally, Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Thursday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $311.65.

More Amazon.com News

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

• Positive Sentiment: Amazon launched "Amazon Supply Chain Services" (ASCS), opening its freight, fulfillment and parcel network to outside businesses — a potential new high-margin revenue stream that investors compare to the AWS monetization playbook; the move knocked down UPS/FDX as the market repriced competitive risk. Amazon opens up its logistics network to other businesses
• Positive Sentiment: Strong Q1 results and management messaging: Amazon beat Q1 EPS/revenue estimates and CEO Andy Jassy emphasized that heavy AI investment is a "once-in-a-generation" opportunity whose returns come later — supporting the long-term growth case for AWS, AI infrastructure and the new logistics product. Andy Jassy says Amazon investors will be rewarded by all its AI spending
• Positive Sentiment: Wall Street momentum: several firms raised targets or reiterated buys (examples include New Street and DZ Bank), adding upside to the stock’s outlook and validating the growth/AI/logistics thesis. DZ Bank raises target
• Neutral Sentiment: Insider transaction: director Jonathan Rubinstein sold ~3,700 shares under a pre-arranged 10b5-1 plan — a disclosed plan sale that typically has limited informational value for fundamentals. Director sale disclosed
• Neutral Sentiment: Internal AI tooling rollout: Amazon adopted Claude Code and Codex company-wide, widening employee access to AI tools — a constructive operational step but one whose near-term revenue impact is unclear. Amazon employees pushed for Claude Code
• Negative Sentiment: CapEx and free‑cash‑flow pressure: analysts and articles point out Amazon’s massive AI/capex spend has materially reduced near-term free cash flow, which could concern investors if returns take longer to materialize. Monitor capex-to-revenue and FCF trends. CapEx reduces FCF
• Negative Sentiment: Macro inflation/cost risk: commentary warns that hyperscaler AI spending could add to inflationary pressure (energy, wages, tariffs), which would be a headwind for multiples and margins across the market. Think AI spending won’t stoke inflation?

Insider Activity

In other news, CEO Douglas J. Herrington sold 20,500 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total value of $5,022,500.00. Following the transaction, the chief executive officer owned 499,861 shares of the company's stock, valued at approximately $122,465,945. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 131,741 shares of company stock valued at $29,839,291. Company insiders own 8.90% of the company's stock.

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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