Lecap Asset Management Ltd. Lowers Holdings in Amazon.com, Inc. $AMZN

Key Points

• Lecap Asset Management trimmed its Amazon stake by 80.1% in Q4, selling 4,177 shares and leaving 1,036 shares valued at about $239,000, per its 13F filing.
• Amazon reported a strong Q1 beat (EPS $2.78 vs. $1.63 consensus; revenue $181.52B vs. $177.28B, up 16.6%), prompting multiple analyst price-target raises and a consensus “Moderate Buy” with an average target of $313.09.
• Company insiders executed pre‑arranged Rule 10b5‑1 sales (CEO Andrew Jassy sold 31,352 shares at $275), with ~191,593 insider shares sold in the past 90 days—an item market watchers note despite routine planning reasons.

Lecap Asset Management Ltd. trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 80.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,036 shares of the e-commerce giant's stock after selling 4,177 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Amazon.com were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Lifelong Wealth Advisors Inc. lifted its holdings in shares of Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after buying an additional 41 shares during the period. Financial Connections Group Inc. lifted its holdings in shares of Amazon.com by 2.6% in the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after buying an additional 42 shares during the period. Marquette Asset Management LLC lifted its holdings in shares of Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after buying an additional 43 shares during the period. Western Financial Corp CA lifted its stake in shares of Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock worth $710,000 after purchasing an additional 44 shares during the last quarter. Finally, Cadence Wealth Management LLC lifted its stake in shares of Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after purchasing an additional 45 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.4%

Amazon.com stock opened at $271.17 on Friday. Amazon.com, Inc. has a one year low of $188.82 and a one year high of $278.56. The stock has a market cap of $2.92 trillion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 1.99 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. The stock has a 50-day moving average of $227.55 and a two-hundred day moving average of $228.72.

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 (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same period last year, the business posted $1.59 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 7.98 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares in the company, valued at $598,335,650. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 27,500 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares of the company's stock, valued at approximately $129,624,275. The trade was a 5.51% 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. In the last ninety days, insiders have sold 191,593 shares of company stock valued at $46,289,241. 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: Q1 outperformance and reaccelerating AWS growth support the bull case — earnings and revenue beat consensus, helping justify higher analyst targets. Is Amazon a Must-Buy After Q1 Beats?
• Positive Sentiment: Amazon opened its logistics stack to third parties (Amazon Supply Chain Services), creating a potential high‑margin revenue stream analogous to AWS for logistics. Amazon Opens Logistics Network
• Positive Sentiment: AWS Bedrock added agent payment capabilities and integrations with Coinbase and Stripe, expanding monetization routes for agentic AI and making Bedrock more sticky for enterprise partners. Bedrock Agent Payments Launch
• Positive Sentiment: Amazon Pharmacy will carry Novo Nordisk’s Ozempic pill with same‑day delivery and kiosks, widening health‑care revenue and stickiness. Amazon to Carry Ozempic
• Neutral Sentiment: Insider selling disclosed (pre‑arranged 10b5‑1 plans by executives including Andy Jassy) — routine for tax/planning but watched by the market. Jassy Form 4 Filing
• Neutral Sentiment: Regulatory/sovereignty noise: EU reports potential limits on US cloud providers for sensitive data — outcome uncertain but could complicate cloud sales in public sector. EU Cloud Sovereignty Report
• Negative Sentiment: Heavy AI/data‑center capex (massive 2026 spending program) is compressing free cash flow and fueling debate that Amazon may be overspending or creating concentrated revenue reliance on a few AI partners. That uncertainty is the main reason shares are under pressure. Is Amazon Overspending on AI?
• Negative Sentiment: Sectorwide layoffs and reallocation to a few hyperscalers (including Amazon) raise concentration and execution risks — skeptics warn Q1 gains could be a patchy, partner‑driven 'mirage'. Tech Layoffs and Hyperscaler Spending

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. HSBC upped their price objective on Amazon.com from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Guggenheim restated a "buy" rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Robert W. Baird upped their price objective on Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Bank of America upped their price objective on Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Monness Crespi & Hardt raised their price objective on Amazon.com from $280.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $313.09.

Amazon.com 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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