Highland Capital Management LLC Sells 4,805 Shares of Amazon.com, Inc. $AMZN

Key Points

• Highland Capital Management trimmed its Amazon stake by 2.3% in the fourth quarter, selling 4,805 shares and leaving it with 203,882 shares valued at about $47.1 million. Amazon remains one of the fund’s larger holdings, accounting for 2.3% of its portfolio.
• Amazon reported a strong quarterly earnings beat, with EPS of $2.78 versus analyst estimates of $1.63 and revenue of $181.52 billion, topping expectations. Revenue rose 16.6% year over year, and the company’s net margin was 12.22%.
• Despite some recent insider selling, Wall Street remains broadly bullish on AMZN: 57 analysts rate it a Buy, and the average price target is about $312.66. Recent commentary also highlights AWS and AI-related growth as a key support for the stock.

Highland Capital Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 203,882 shares of the e-commerce giant's stock after selling 4,805 shares during the quarter. Amazon.com accounts for 2.3% of Highland Capital Management LLC's investment portfolio, making the stock its 8th largest position. Highland Capital Management LLC's holdings in Amazon.com were worth $47,060,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Fairway Wealth LLC lifted its holdings in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new stake in Amazon.com during the 3rd quarter worth approximately $27,000. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after buying an additional 79 shares in the last quarter. Bridge Generations Wealth Management LLC lifted its holdings in Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after buying an additional 233 shares in the last quarter. Finally, Cooksen Wealth LLC lifted its holdings in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock worth $54,000 after buying an additional 47 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $271.85 on Thursday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The firm's fifty day simple moving average is $242.99 and its 200-day simple moving average is $232.13. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.46. 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 (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same period last year, the business earned $1.59 EPS. The company's revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon Web Services is deepening its AI growth story by selling AI shopping tools to retailers and expanding its broader “agentic commerce” strategy, reinforcing AWS as a potential new growth engine. Amazon starts selling its AI shopping technology to other retailers
• Positive Sentiment: Snowflake’s $6 billion AWS commitment highlights continued demand for Amazon’s cloud infrastructure and AI chips, which investors may view as validation of AWS’s competitive position and revenue pipeline. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: UBS and other analysts remain bullish, arguing Amazon’s AWS AI backlog and margin expansion could be more powerful than Wall Street currently expects, with price targets well above recent trading levels. Amazon Stock (AMZN): This Top Analyst Says AWS AI Growth Is Stronger Than Investors Realize
• Positive Sentiment: Recent commentary says AWS margins are holding up better than rivals, helping support the case that Amazon can monetize AI spending without sacrificing profitability. AWS Margins Are Leaving Cloud Rivals Behind as Anthropic Demand Surges
• Neutral Sentiment: Amazon’s healthcare leadership change appears operational rather than strategic: longtime health executive Neil Lindsay is stepping down and Dr. Roy Schoenberg will take over, so the market may view it as a business continuity move. Amazon puts Amwell co-founder in charge of healthcare unit; longtime executive to depart
• Negative Sentiment: Multiple executive stock sales, including by CEO Andy Jassy and other leaders, may create modest short-term pressure or raise questions about insider sentiment, even though the trades were reported as pre-planned. Amazon.com NASDAQ: AMZN CEO Matthew Garman Sells 15,467 Shares of Stock

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Susquehanna reiterated a "positive" rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Moffett Nathanson increased their target price on shares of Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. Wedbush reduced their target price on shares of Amazon.com from $340.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, February 6th. Argus reiterated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. Finally, Roth Mkm increased their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $312.66.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,467 shares of the firm's stock in a transaction on 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 sale, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 195,774 shares of company stock worth $51,552,494. 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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