Elevate Capital Advisors LLC Increases Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Elevate Capital Advisors boosted its Amazon stake by 35.3% in Q4 to 21,948 shares (worth $5.066M), making AMZN its 5th largest holding and ~3.4% of the firm's portfolio.
• Positive catalysts include a Meta multiyear deal to deploy "tens of millions" of AWS Graviton5 cores and an expanded Anthropic partnership (≈$5B), prompting analysts to raise targets and strengthening the AWS revenue outlook.
• Near‑term volatility risks: upcoming Q1 earnings (Apr 29), recent insider selling (Andrew Jassy ~$7.9M; Matthew Garman ~$3.6M) and California pricing‑pressure allegations could create headline‑driven selloffs.

Elevate Capital Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 35.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,948 shares of the e-commerce giant's stock after acquiring an additional 5,732 shares during the quarter. Amazon.com comprises approximately 3.4% of Elevate Capital Advisors LLC's holdings, making the stock its 5th largest holding. Elevate Capital Advisors LLC's holdings in Amazon.com were worth $5,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital & Planning LLC increased its position in Amazon.com by 2.1% during the fourth quarter. Capital & Planning LLC now owns 3,054 shares of the e-commerce giant's stock worth $692,000 after acquiring an additional 62 shares during the period. Clear Creek Financial Management LLC increased its position in Amazon.com by 6.5% during the fourth quarter. Clear Creek Financial Management LLC now owns 62,889 shares of the e-commerce giant's stock worth $14,516,000 after acquiring an additional 3,863 shares during the period. Mid American Wealth Advisory Group Inc. increased its position in Amazon.com by 10.5% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 1,897 shares of the e-commerce giant's stock worth $438,000 after acquiring an additional 181 shares during the period. Community Bank of Raymore increased its position in Amazon.com by 5.6% during the fourth quarter. Community Bank of Raymore now owns 3,289 shares of the e-commerce giant's stock worth $759,000 after acquiring an additional 175 shares during the period. Finally, Prosperity Advisers LLC bought a new position in Amazon.com during the fourth quarter worth $840,000. Institutional investors own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Major customer win for AWS custom chips — Meta signed a multiyear deal to deploy "tens of millions" of AWS Graviton5 cores for agentic AI workloads, a multibillion‑dollar contract that directly boosts AWS chip revenue and validates Amazon’s custom silicon strategy. Meta strikes deal with Amazon's cloud unit
• Positive Sentiment: Analysts lifting targets and reaffirming buys — Multiple firms have raised price targets and reiterated buy/overweight ratings, signaling stronger sell‑side conviction ahead of earnings and supporting the rally. Top Analysts Raise Amazon Stock (AMZN) Price Targets
• Positive Sentiment: Expanded Anthropic partnership locks long‑term AWS demand — Coverage highlights a bigger Anthropic commitment (and recent $5B deal), which implies sustained, high‑margin cloud revenue but also sizable compute and capex commitments from Amazon. Amazon and Anthropic $5 Billion Deal
• Positive Sentiment: Amazon‑backed X‑Energy IPO rally highlights ecosystem wins — The strong debut of X‑Energy (an Amazon‑backed SMR startup) underscores investor appetite for companies tied to AI power/data‑center infrastructure and reflects Amazon’s strategic ecosystem bets. X‑Energy Nasdaq Debut
• Neutral Sentiment: Upcoming Q1 earnings (Apr 29) are a short‑term volatility trigger — Consensus expects follow‑through on AWS strength, so results and margin/capex commentary will drive next moves. Earnings Preview: Expected Move
• Neutral Sentiment: Operational changes and selective layoffs/role renames (e.g., "builder" titles) could modestly affect culture and execution but are not immediate share‑price drivers. Amazon replaces job titles
• Negative Sentiment: Insider selling by CEO — Recent disclosure shows CEO stock sales (~$7.9M), which can create short‑term investor concern over insider timing even if routine. CEO Insider Selling
• Negative Sentiment: Legal/regulatory risk — California AG alleges Amazon pressured vendors on pricing in unsealed filings, a potential multi‑jurisdictional legal overhang that could create headline risk and fines. California price‑fixing allegations

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $263.99 on Monday. Amazon.com, Inc. has a 52 week low of $178.85 and a 52 week high of $264.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The company's fifty day moving average is $218.84 and its 200-day moving average is $226.29. The company has a market capitalization of $2.84 trillion, a PE ratio of 36.82, a P/E/G ratio of 1.97 and a beta of 1.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. During the same quarter in the prior year, the firm posted $1.86 EPS. The firm's revenue for the quarter was up 13.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 7.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. The trade was a 65.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 31,000 shares of the business's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $255.00, for a total transaction of $7,905,000.00. Following the completion of the sale, the chief executive officer owned 2,207,118 shares in the company, valued at $562,815,090. This represents a 1.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 124,186 shares of company stock worth $27,826,739 in the last three months. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Bank of America boosted their target price on shares of Amazon.com from $275.00 to $298.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Barclays reaffirmed a "buy" rating on shares of Amazon.com in a research report on Friday, April 17th. DA Davidson reiterated a "neutral" rating and set a $175.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. New Street Research decreased their price target on shares of Amazon.com from $285.00 to $280.00 and set a "buy" rating on the stock in a research note on Monday, March 30th. Finally, Wolfe Research decreased their price target on shares of Amazon.com from $255.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $289.21.

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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