First Merchants Corp Has $28.33 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• First Merchants Corp boosted its Amazon stake by 3.9% in the first quarter, adding 5,102 shares and bringing its total holdings to 136,028 shares valued at about $28.33 million.
• Amazon’s fundamentals remain strong, with the company recently reporting quarterly EPS of $2.78 versus the $1.63 consensus and revenue of $181.52 billion, topping estimates and rising 16.6% year over year.
• Analyst sentiment stays broadly positive, with 57 Buy ratings and a consensus price target of $312.78, even as the stock has faced recent pressure and insider selling by top executives.

First Merchants Corp increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,028 shares of the e-commerce giant's stock after acquiring an additional 5,102 shares during the quarter. Amazon.com comprises about 1.1% of First Merchants Corp's investment portfolio, making the stock its 21st largest holding. First Merchants Corp's holdings in Amazon.com were worth $28,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. MilWealth Group LLC raised its position in shares of Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com during the 4th quarter worth $45,000. Elkhorn Partners Limited Partnership increased its stake in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC raised its holdings in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. raised its holdings in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $266.19, for a total transaction of $266,190.00. Following the transaction, the chief executive officer owned 485,527 shares of the company's stock, valued at approximately $129,242,432.13. This represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock worth $51,614,434 in the last quarter. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMZN. Raymond James Financial reissued an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, May 1st. Benchmark boosted their price target on Amazon.com from $275.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. China Renaissance upped their price objective on shares of Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Truist Financial increased their price objective on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Finally, New Street Research raised their target price on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a report on Monday, May 4th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $312.78.

Amazon.com Price Performance

Shares of AMZN stock opened at $227.01 on Friday. The business has a fifty day simple moving average of $255.85 and a 200 day simple moving average of $234.14. The company has a market cap of $2.44 trillion, a P/E ratio of 27.15, a P/E/G ratio of 1.75 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month 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, beating analysts' consensus estimates 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 return on equity of 19.92% and a net margin of 12.22%.The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon is making a major long-term growth bet by adding another $13 billion to its India investment, bringing planned spending there to $48 billion through 2030 to expand AI, cloud and logistics infrastructure. Amazon to invest additional $13 billion in India
• Positive Sentiment: Prime Day traffic and demand remain a tailwind, with reports showing strong early spending and AI-powered shopping activity supporting the case for a near-term revenue beat. US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
• Positive Sentiment: Amazon is also getting support from investors and analysts, including hedge-fund buying and reiterated buy ratings, which signal continued confidence in AWS, advertising and long-term growth. Amazon (AMZN) Stock: Why These Hedge Fund Heavyweights Are Piling In
• Neutral Sentiment: Amazon’s eero unit gained attention after Kinetic launched AlwaysOn Wi‑Fi powered by eero Signal, a partnership that reinforces Amazon’s ecosystem but is unlikely to move AMZN materially on its own. Kinetic Launches AlwaysOn Wi-Fi Powered by eero Signal
• Neutral Sentiment: Amazon also continued to win attention for new AI and cloud integrations, including Bedrock ecosystem expansion and third-party product integrations, which support the AWS growth narrative but are incremental rather than immediate catalysts.
• Negative Sentiment: European regulators said Amazon Web Services may face stricter “gatekeeper” rules under the Digital Markets Act, raising the risk of more compliance costs and possible operating restrictions for AWS in Europe. Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
• Negative Sentiment: Several reports said AMZN broke below a key technical level and is trading weakly versus the broader market, suggesting the recent pullback may be driven by chart pressure and profit-taking. Amazon Stock Slips Below Key Level On Rough Day For Cloud Hyperscaler Stocks

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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