Gibbs Wealth Management Sells 4,023 Shares of Amazon.com, Inc. $AMZN

Key Points

• Gibbs Wealth Management reduced its Amazon stake by 11.4%, selling 4,023 shares and now holds 31,261 shares valued at $7.73M, about 1.9% of the firm's holdings and its 12th largest position.
• Market context is broadly positive: 72.2% of AMZN is institutionally owned and the consensus rating is a Moderate Buy with an average price target of $289.21, while multiple analysts have reiterated buy/outperform calls.
• Notable insider activity: CEO Douglas J. Herrington sold 20,500 shares for $5.02M under a Rule 10b5‑1 plan, and insiders sold a total of 124,186 shares (~$27.8M) in the last quarter, with insiders owning 8.9% of the company.

Gibbs Wealth Management decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,261 shares of the e-commerce giant's stock after selling 4,023 shares during the period. Amazon.com accounts for about 1.9% of Gibbs Wealth Management's holdings, making the stock its 12th largest position. Gibbs Wealth Management's holdings in Amazon.com were worth $7,733,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Evercore reissued an "outperform" rating on shares of Amazon.com in a research report on Thursday, April 9th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. President Capital cut their price objective on Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Benchmark restated a "buy" rating on shares of Amazon.com in a research note on Thursday, January 29th. Finally, Weiss Ratings lowered Amazon.com from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $289.21.

More Amazon.com News

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 20,500 shares of Amazon.com stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the sale, the chief executive officer owned 499,861 shares in the company, valued at $122,465,945. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $24,662,702. This trade represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 124,186 shares of company stock valued at $27,826,739 in the last quarter. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $263.99 on Monday. Amazon.com, Inc. has a twelve month low of $178.85 and a twelve month high of $264.50. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.84 trillion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38. The business's 50-day simple moving average is $218.84 and its 200 day simple moving average is $226.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly 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 period last year, the company earned $1.86 EPS. The company's revenue was up 13.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 7.74 earnings per share for the current year.

About Amazon.com

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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