Firetrail Investments PTY Ltd. Purchases Shares of 46,954 Amazon.com, Inc. $AMZN

Key Points

• Firetrail Investments PTY Ltd. initiated a new Amazon stake in the fourth quarter, buying 46,954 shares valued at about $10.9 million. The position makes up roughly 3.6% of its portfolio and is its 10th-largest holding.
• Amazon continues to draw bullish analyst support, with several firms raising price targets and the stock carrying a consensus rating of Moderate Buy. MarketBeat data shows 57 analysts rate it a Buy and the average price target stands at $312.52.
• The company faces a mix of positive business momentum and new headwinds: Prime Day was moved to June 23-26 with Alexa AI features added, but Amazon is also dealing with EU cloud scrutiny and a privacy lawsuit tied to Ring facial recognition.

Firetrail Investments PTY Ltd. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 46,954 shares of the e-commerce giant's stock, valued at approximately $10,891,000. Amazon.com makes up about 3.6% of Firetrail Investments PTY Ltd.'s investment portfolio, making the stock its 10th biggest position.

Several other large investors have also added to or reduced their stakes in the company. Lifelong Wealth Advisors Inc. increased its position in shares of Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock valued at $402,000 after buying an additional 41 shares in the last quarter. Financial Connections Group Inc. increased its position in shares of Amazon.com by 2.6% in the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC increased its position in shares of Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after buying an additional 43 shares in the last quarter. Western Financial Corp CA increased its position in shares of Amazon.com by 1.5% in the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock valued at $710,000 after buying an additional 44 shares in the last quarter. Finally, Union Savings Bank increased its position in shares of Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock valued at $2,510,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMZN shares. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. TD Cowen restated a "buy" rating and issued a $350.00 price objective on shares of Amazon.com in a research report on Tuesday, May 12th. Citizens Jmp restated a "market outperform" rating and issued a $315.00 price objective on shares of Amazon.com in a research report on Friday, April 10th. New Street Research upped their price objective on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Finally, BMO Capital Markets upped their price objective on shares of Amazon.com from $310.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $312.52.

Key Amazon.com News

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

• Positive Sentiment: Amazon moved Prime Day to June 23-26 and kept it a four-day event, which could lift near-term e-commerce sales and membership engagement. Reuters Prime Day article
• Positive Sentiment: The event will include new Alexa AI features, reinforcing Amazon’s AI strategy and potentially improving shopping conversion. Forbes article on Alexa AI-powered Prime Day
• Positive Sentiment: Analyst commentary remained constructive, with bullish Wall Street coverage and price-target increases helping support the stock. Zacks analyst article
• Neutral Sentiment: Amazon’s cloud and AI businesses continue to draw attention, including reports that AWS is expanding AI-related investment and that its Anthropic stake has become far more valuable. Business Insider article on Anthropic stake
• Negative Sentiment: Amazon faces fresh regulatory and legal pressure, including an EU cloud procurement review that could make it harder for AWS to win certain government contracts. Reuters EU cloud rules article
• Negative Sentiment: Amazon’s Ring unit was hit with a class-action privacy lawsuit over facial recognition features, adding to ongoing data-privacy scrutiny. Reuters Ring lawsuit article
• Negative Sentiment: Investor sentiment may also be weighed by a report that Stanley Druckenmiller sharply reduced his Amazon position, which can be read as a cautious signal from a high-profile fund manager. Motley Fool Druckenmiller article

Amazon.com Price Performance

AMZN stock opened at $256.52 on Wednesday. The stock has a 50-day moving average price of $246.43 and a two-hundred day moving average price of $232.58. The stock has a market cap of $2.76 trillion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.44. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 firm had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company's revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. Equities analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares in the company, valued at $129,624,275. This trade represents a 5.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the transaction, the chief executive officer owned 14,159 shares of the company's stock, valued at $3,729,480.60. The trade was a 52.21% 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. Insiders have sold 194,774 shares of company stock worth $51,348,244 over the last 90 days. 8.90% of the stock is currently owned by insiders.

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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