Eurizon Asset Management Hungary Ltd. Sells 2,000 Shares of Amazon.com, Inc. $AMZN

Key Points

• Eurizon Asset Management Hungary reduced its Amazon stake by 28.6%, selling 2,000 shares and retaining 5,000 shares valued at approximately $1.04 million. Amazon remains 1.1% of the firm’s portfolio and its fourth-largest holding.
• Amazon reported a strong quarter, with revenue rising 19.6% to $200.6 billion and EPS of $5.75 versus the $1.82 consensus estimate. AWS growth accelerated to 37%, helping drive multiple analyst price-target increases and a “Moderate Buy” consensus.
• Despite strong results, Amazon’s planned $220 billion in 2026 capital spending will keep free cash flow under scrutiny, while weaker-than-expected third-quarter revenue guidance and consumer lawsuits present near-term risks.

Eurizon Asset Management Hungary Ltd. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 28.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the e-commerce giant's stock after selling 2,000 shares during the quarter. Amazon.com accounts for 1.1% of Eurizon Asset Management Hungary Ltd.'s portfolio, making the stock its 4th largest position. Eurizon Asset Management Hungary Ltd.'s holdings in Amazon.com were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. S&CO Inc. boosted its holdings in shares of Amazon.com by 3.5% in the first quarter. S&CO Inc. now owns 197,153 shares of the e-commerce giant's stock valued at $41,061,000 after buying an additional 6,580 shares during the period. Liberty Square Wealth Partners LLC lifted its position in Amazon.com by 1.3% in the 1st quarter. Liberty Square Wealth Partners LLC now owns 8,552 shares of the e-commerce giant's stock valued at $1,781,000 after acquiring an additional 111 shares in the last quarter. SEB Asset Management AB bought a new stake in Amazon.com in the 1st quarter valued at $631,546,000. Paradigm Strategies in Wealth Management LLC boosted its stake in Amazon.com by 9.2% in the 1st quarter. Paradigm Strategies in Wealth Management LLC now owns 3,417 shares of the e-commerce giant's stock worth $712,000 after purchasing an additional 287 shares during the period. Finally, Swiss National Bank boosted its stake in Amazon.com by 7.4% in the 1st quarter. Swiss National Bank now owns 28,236,000 shares of the e-commerce giant's stock worth $5,880,712,000 after purchasing an additional 1,933,600 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Amazon reported record quarterly sales of $200.6 billion, up nearly 20% year over year, while earnings per share of $5.75 significantly exceeded the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon second-quarter results
• Positive Sentiment: AWS revenue accelerated 37% to $42.2 billion—its fastest growth in 18 quarters—beating expectations as enterprise AI demand strengthened. The result helped ease concerns that Amazon’s massive AI infrastructure investments would not produce adequate returns. Amazon AWS growth
• Positive Sentiment: Advertising revenue climbed 26% to approximately $19.8 billion, while stronger e-commerce activity and robotics-supported fulfillment added to the broad-based quarterly beat.
• Positive Sentiment: Multiple firms raised their price targets following the results, including JPMorgan to $365, Benchmark to $400, Truist to $350, and RBC to $330. Analysts cited accelerating AWS growth, AI monetization and margin potential. Amazon analyst price targets
• Positive Sentiment: Amazon completed the remaining $35 billion of its planned OpenAI investment, bringing its total commitment to $50 billion. The partnership could support future AWS demand, although it also increases capital commitments. Amazon OpenAI investment
• Neutral Sentiment: Amazon raised its 2026 capital-spending outlook to $220 billion to expand AI and cloud capacity. Management sees demand extending into 2028, but the scale of spending will keep free cash flow and funding requirements under scrutiny.
• Neutral Sentiment: The company expects third-quarter revenue of $197 billion to $202 billion, below the roughly $204.6 billion analyst consensus, creating a potential near-term headwind despite the strong quarter.
• Negative Sentiment: Amazon faces consumer lawsuits alleging misleading seafood sustainability claims and the sale of protein powder allegedly contaminated with heavy metals. The cases could create legal, reputational and compliance costs, though their financial impact is currently unclear. Amazon consumer lawsuit

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. The trade was a 52.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their position. 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 76,867 shares of company stock valued at $20,253,702 in the last three months. Corporate insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $271.58 on Monday. The stock has a market cap of $2.92 trillion, a P/E ratio of 21.85, a P/E/G ratio of 2.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company has a fifty day moving average price of $245.70 and a two-hundred day moving average price of $236.15. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 7.84 EPS for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. KeyCorp lifted their price target on Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday. Moffett Nathanson increased their price objective on Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. Citigroup reissued a "buy" rating and issued a $350.00 target price (up from $325.00) on shares of Amazon.com in a research report on Friday. UBS Group set a $318.00 target price on Amazon.com and gave the company a "buy" rating in a research note on Friday. Finally, China Renaissance lifted their price objective on shares of Amazon.com from $300.00 to $326.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $322.56.

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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