J. Derek Lewis & Associates Inc. Purchases New Stake in Amazon.com, Inc. $AMZN

Key Points

• J. Derek Lewis & Associates Inc. opened a new position in Amazon during the fourth quarter, buying 15,028 shares worth about $3.47 million. The stake represents about 0.8% of the firm’s portfolio.
• Amazon continues to draw heavy institutional interest, with other investors also adding positions and 72.2% of the company’s stock held by institutional investors and hedge funds.
• Despite strong analyst support and upbeat business trends, Amazon faces some headwinds, including insider selling, broader tech selloff pressure tied to AI capex concerns, and renewed labor/regulatory risks such as FTC and union issues.

J. Derek Lewis & Associates Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,028 shares of the e-commerce giant's stock, valued at approximately $3,469,000. Amazon.com makes up 0.8% of J. Derek Lewis & Associates Inc.'s investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Purpose Unlimited Inc. acquired a new position in Amazon.com during the 4th quarter valued at about $103,016,000. Cornerstone Planning LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $6,871,000. AMG Asset Management Group Inc. purchased a new stake in shares of Amazon.com in the fourth quarter worth approximately $947,000. Forty three Eighteen Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $419,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Amazon.com by 7.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,601,249 shares of the e-commerce giant's stock valued at $1,292,881,000 after purchasing an additional 397,911 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Amazon.com News

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

• Positive Sentiment: Prime Day has kicked off earlier than usual and is expected to generate record online spending, with estimates above $26 billion across retailers; that could lift Amazon’s retail revenue and merchant activity. Amazon Prime Day expected to drive record $26B in online spending
• Positive Sentiment: Amazon is leaning hard into AI commerce during Prime Day, including Alexa for Shopping and new agentic ads that can place purchases automatically, which could improve engagement and show off Amazon’s AI monetization strategy. Amazon ads can make purchases for you
• Positive Sentiment: Multiple analyst-style commentaries remain bullish, citing AWS reacceleration, advertising growth, Prime subscriptions, and the possibility that Amazon’s AI chips could become an additional business line. Amazon: You Aren't Bullish Enough
• Positive Sentiment: A new AWS partnership with ArcelorMittal and another AWS deal with PennyMac highlight continued enterprise adoption of Amazon’s cloud and AI tools. Amazon teams with ArcelorMittal to bring AI into steel plants
• Neutral Sentiment: Prime Day is also being viewed as a consumer spending litmus test, with more focus on basics and household goods than discretionary splurges, so results will be important for sentiment but not clearly a direct positive or negative. Amazon Prime Day to gauge US consumer strain
• Negative Sentiment: AMZN has been caught in a broader selloff in big tech as investors worry about heavy AI capital spending and uncertain near-term returns, which has weighed on the stock despite strong fundamentals. Alphabet sinks, Amazon slides amid AI capex anxiety
• Negative Sentiment: Amazon also faces fresh labor and regulatory overhangs, including an order to bargain with Teamsters at a California fulfillment center and renewed FTC-related concern. Amazon told to negotiate with Teamsters

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm'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 sale, the chief executive officer owned 485,527 shares of the company's stock, valued at approximately $129,242,432.13. The trade was a 0.21% 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 a total of 195,774 shares of company stock valued at $51,614,434 in the last three months. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. William Blair reiterated an "outperform" rating on shares of Amazon.com in a report on Thursday, April 9th. Wells Fargo & Company set a $312.00 price objective on shares of Amazon.com and gave the stock an "overweight" rating in a report on Wednesday, May 20th. China Renaissance lifted their price objective on shares of Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, BNP Paribas Exane increased their target price on shares of Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $312.78.

Amazon.com Stock Up 0.6%

Shares of NASDAQ:AMZN opened at $234.11 on Wednesday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a market capitalization of $2.52 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The business has a fifty day moving average price of $256.40 and a two-hundred day moving average price of $234.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS. Analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

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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