Greystone Financial Group LLC Increases Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Greystone Financial Group LLC increased its Amazon stake by 82.2% in the fourth quarter, buying 16,582 additional shares and bringing its holdings to 36,752 shares valued at about $8.48 million.
• Wall Street remains bullish on Amazon, with 56 analysts rating it a Buy and only three Hold ratings; the consensus target price is $313.09 after several firms raised their price targets.
• Amazon’s latest quarterly results beat expectations, posting EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion, while shares opened at $272.62 and sit near their 52-week high.

Greystone Financial Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 82.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,752 shares of the e-commerce giant's stock after buying an additional 16,582 shares during the period. Greystone Financial Group LLC's holdings in Amazon.com were worth $8,483,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. American Capital Advisory LLC lifted its position in shares of Amazon.com by 63.9% in the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after purchasing an additional 3,152 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $451,642,000. Weaver Capital Management LLC lifted its position in shares of Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock worth $9,063,000 after purchasing an additional 4,713 shares during the period. Ethos Financial Group LLC lifted its position in shares of Amazon.com by 9.6% in the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after purchasing an additional 3,196 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in shares of Amazon.com by 1.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock worth $52,667,000 after purchasing an additional 4,558 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Weiss Ratings raised shares of Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Robert W. Baird raised their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Pivotal Research reaffirmed a "buy" rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Guggenheim reaffirmed a "buy" rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, Scotiabank reissued an "outperform" rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-six equities 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 stock has an average rating of "Moderate Buy" and a consensus target price of $313.09.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $272.62 on Monday. Amazon.com, Inc. has a fifty-two week low of $191.16 and a fifty-two week high of $278.56. The company has a 50 day simple moving average of $227.55 and a two-hundred day simple moving average of $228.72. The company has a market capitalization of $2.93 trillion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.04 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 earnings per share. Analysts expect that Amazon.com, Inc. will post 7.72 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 31,352 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This represents a 1.42% 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 have sold a total of 191,593 shares of company stock valued at $46,289,241 in the last quarter. 8.90% of the stock is owned by company insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

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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