Dupont Capital Management Corp Reduces Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Dupont Capital Management cut its Amazon stake by 12.0% in Q4, selling 23,389 shares and now holding 171,575 shares worth about $39.6 million, roughly 4.5% of the fund and its 5th-largest position.
• Wall Street grew more bullish—multiple firms (Barclays, JPMorgan, Benchmark, Truist) raised price targets and ratings—leaving the consensus at a Moderate Buy with an average price target of $313.09.
• Amazon beat Q1 estimates (EPS $2.78 vs. $1.63; revenue $181.5B vs. $177.3B) and AWS reaccelerated, but heavy AI capex has sharply pressured free cash flow, posing execution and timing risk.

Dupont Capital Management Corp lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,575 shares of the e-commerce giant's stock after selling 23,389 shares during the period. Amazon.com accounts for approximately 4.5% of Dupont Capital Management Corp's holdings, making the stock its 5th biggest position. Dupont Capital Management Corp's holdings in Amazon.com were worth $39,603,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMZN. American Capital Advisory LLC boosted its stake in Amazon.com by 63.9% in the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after purchasing an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amazon.com in the 3rd quarter worth about $451,642,000. Weaver Capital Management LLC lifted its position in Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after acquiring an additional 4,713 shares in the last quarter. Ethos Financial Group LLC lifted its position in Amazon.com by 9.6% in the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after acquiring an additional 3,196 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in Amazon.com by 1.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock valued at $52,667,000 after acquiring an additional 4,558 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. Truist Financial upped their price objective on Amazon.com from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Barclays reaffirmed an "overweight" rating and issued a $330.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Benchmark upped their target price on shares of Amazon.com from $275.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. 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 research note on Thursday, April 30th. Finally, Tigress Financial upped their target price on shares of Amazon.com from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Wednesday, March 25th. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $313.09.

Amazon.com Trading Up 0.5%

Shares of AMZN opened at $273.54 on Wednesday. The firm has a market cap of $2.94 trillion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. 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, Inc. has a 1 year low of $183.85 and a 1 year high of $278.56. The company has a 50 day simple moving average of $224.90 and a two-hundred day simple moving average of $227.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for 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%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 earnings per share. On average, equities analysts expect that Amazon.com, Inc. will post 7.95 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 3,706 shares of Amazon.com stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the sale, the director owned 74,948 shares in the company, valued at approximately $20,462,302.96. The trade was a 4.71% 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 three months, insiders have sold 160,241 shares of company stock worth $37,667,441. 8.90% of the stock is currently owned by corporate insiders.

Key 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/parcel network to outside businesses — a potential high-margin new revenue stream that markets liken to the AWS playbook. Read More.
• Positive Sentiment: Q1 results and management messaging reinforced the growth narrative: AWS growth reaccelerated, revenue and EPS beat consensus, and CEO Andy Jassy framed the AI capex as a longer‑term ROI bet — supporting the bull case. Read More.
• Positive Sentiment: Wall Street moved more bullish: several firms raised price targets (examples include BNP Paribas raising its target), which amplifies upside expectations and buyer appetite. Read More.
• Positive Sentiment: Amazon expanded same‑day fresh grocery deliveries to business customers (Amazon Business), extending addressable market and recurring order flows for grocery/fulfillment. Read More.
• Neutral Sentiment: Insider selling by executives/directors has been disclosed (Rule 10b5‑1 plan filings); these appear to be planned dispositions rather than signals of change in strategy. Read More.
• Neutral Sentiment: Amazon is rolling internal AI tooling (Claude Code, Codex) and experimenting with merging AI chat into core search — operational moves that can lift productivity and product UX but whose revenue timing is unclear. Read More.
• Negative Sentiment: CapEx and free‑cash‑flow pressure remain a risk: analysts highlight that heavy AI infrastructure spending has pushed FCF sharply lower in the near term, raising execution/timing risk if AWS/AI revenue doesn’t scale as expected. Read More.
• Negative Sentiment: Macro and inflationary commentary warns large hyperscaler AI spending could add cost pressure (energy, wages, tariffs), which would be a multiplier on margin/valuation risk across the sector. Read More.

Amazon.com Company 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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