Jones Kertz & Associates Inc. Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• Jones Kertz & Associates initiated a new position in Amazon during the fourth quarter, buying 16,309 shares worth about $3.76 million. The stake now represents roughly 1.9% of its portfolio.
• Amazon’s latest earnings were strong, with EPS of $2.78 beating estimates and revenue of $181.52 billion topping expectations. Quarterly revenue also rose 16.6% year over year, helped by AWS and AI-related demand.
• Analyst sentiment remains upbeat, with multiple firms raising price targets and the stock holding a Moderate Buy consensus. The average target price stands at about $313.09, above the recent trading level.

Jones Kertz & Associates Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,309 shares of the e-commerce giant's stock, valued at approximately $3,764,000. Amazon.com makes up approximately 1.9% of Jones Kertz & Associates Inc.'s portfolio, making the stock its 17th largest position.

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

Amazon.com News Summary

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citizens Jmp restated a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, April 10th. Maxim Group boosted their price target on Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Weiss Ratings upgraded Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. The Goldman Sachs Group restated a "buy" rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, KeyCorp boosted their price target on Amazon.com from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $313.09.

Amazon.com Price Performance

NASDAQ:AMZN opened at $272.62 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock's 50-day simple moving average is $227.55 and its 200 day simple moving average is $228.72. The company has a market cap of $2.93 trillion, a P/E ratio of 32.61, a P/E/G ratio of 2.04 and a beta of 1.46. Amazon.com, Inc. has a 52-week low of $191.16 and a 52-week 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 business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 10,649 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 191,593 shares of company stock worth $46,289,241 in the last three months. 8.90% of the stock is owned by corporate insiders.

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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