Legacy Advisors LLC Increases Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Legacy Advisors LLC increased its Amazon stake by 9.5% in the fourth quarter, buying 5,366 additional shares and bringing its total to 62,024 shares worth about $14.3 million.
• Institutional ownership remains very high, with hedge funds and other investors holding about 72.2% of Amazon shares; several large firms also added to their positions during recent quarters.
• Amazon’s fundamentals and outlook remain strong: the company beat Q1 earnings and revenue estimates, and analysts have largely stayed bullish, with 56 Buy ratings and a consensus target price of $313.09.

Legacy Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,024 shares of the e-commerce giant's stock after purchasing an additional 5,366 shares during the quarter. Amazon.com accounts for 1.2% of Legacy Advisors LLC's investment portfolio, making the stock its 17th biggest holding. Legacy Advisors LLC's holdings in Amazon.com were worth $14,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp grew its stake in shares of Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after purchasing an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Norges Bank purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $27,438,011,000. Finally, Northern Trust Corp grew its stake in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. The trade was a 65.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction on 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 transaction, the chief executive officer directly 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. In the last ninety days, insiders sold 191,593 shares of company stock valued at $46,289,241. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. UBS Group reiterated a "buy" rating and issued a $333.00 target price (up from $304.00) on shares of Amazon.com in a research note on Wednesday, April 29th. Sanford C. Bernstein reissued an "outperform" rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, April 10th. Monness Crespi & Hardt raised their price target on Amazon.com from $280.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, BNP Paribas Exane raised their price target on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. 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 MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $313.09.

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

Amazon.com Stock Performance

Shares of AMZN stock opened at $272.62 on Monday. The stock has a fifty day moving average price of $227.55 and a 200 day moving average price of $228.72. The stock has a market cap of $2.93 trillion, a PE ratio of 32.61, a P/E/G ratio of 2.04 and a beta of 1.46. Amazon.com, Inc. has a 1 year low of $191.16 and a 1 year high of $278.56. 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 issued 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. The firm had revenue of $181.52 billion during 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%.Amazon.com's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 7.72 earnings per share for the current fiscal 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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