Leo Wealth LLC Has $30.72 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Leo Wealth LLC boosted its Amazon stake by 44.2% in Q4 to 133,098 shares worth $30.72 million, making AMZN 2.2% of its portfolio and its 10th-largest holding.
• Major institutions (Vanguard, State Street, Geode, Norges Bank) have also increased positions—institutions now own 72.20% of Amazon—and analysts rate the stock a Moderate Buy with an average target of $287.38.

Leo Wealth LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,098 shares of the e-commerce giant's stock after purchasing an additional 40,767 shares during the period. Amazon.com makes up 2.2% of Leo Wealth LLC's portfolio, making the stock its 10th largest position. Leo Wealth LLC's holdings in Amazon.com were worth $30,721,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp lifted its stake in Amazon.com by 2.0% in the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock worth $83,805,794,000 after purchasing an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Norges Bank bought a new stake in Amazon.com in the second quarter worth $27,438,011,000. Finally, Northern Trust Corp lifted its stake in Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. New Street Research lowered their price target on shares of Amazon.com from $285.00 to $280.00 and set a "buy" rating for the company in a research note on Monday, March 30th. Truist Financial boosted their price objective on shares of Amazon.com from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim restated a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Friday, February 6th. Wolfe Research decreased their price objective on shares of Amazon.com from $255.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, March 19th. Finally, Citigroup boosted their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $287.38.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $250.56 on Friday. Amazon.com, Inc. has a 1 year low of $165.29 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The company's 50-day moving average is $213.76 and its 200 day moving average is $225.11. The stock has a market capitalization of $2.69 trillion, a P/E ratio of 34.95, a P/E/G ratio of 1.87 and a beta of 1.38.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion for the quarter, compared to analysts' expectations of $211.02 billion. During the same quarter in the prior year, the firm earned $1.86 EPS. Amazon.com's quarterly revenue was up 13.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $24,662,702. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 10,649 shares of the company's stock in a transaction dated 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 completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 93,186 shares of company stock valued at $19,921,739. Insiders own 9.70% of the company's stock.

Key Amazon.com News

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

• Positive Sentiment: Market sentiment has flipped positive on Amazon as investors focus on AWS’s AI-driven growth and the stock briefly touched record territory. Read More.
• Positive Sentiment: Amazon’s acquisition of Globalstar (satellite connectivity) is being viewed as strategic for its LEO/satellite ambitions (Project Kuiper/complementary assets), helping re-rate the stock. Read More.
• Positive Sentiment: AWS continues to land high‑profile customers (media/AI wins), reinforcing the enterprise AI revenue runway that underpins multiple expansion. Read More.
• Positive Sentiment: Multiple analysts and notable investors are raising targets or adding to positions (Truist, JPMorgan commentary and public buys), supporting momentum and sentiment. Read More.
• Positive Sentiment: Operational tailwind: NiSource expanded power agreements to accelerate energy delivery to Amazon data centers, easing one constraint on AWS capacity growth. Read More.
• Neutral Sentiment: Company initiatives beyond core cloud/retail — e.g., longer theatrical runs for content and investments in energy/space through affiliates — signal diversification but are longer‑term revenue drivers. Read More.
• Neutral Sentiment: Insider activity: CEO Douglas Herrington sold shares under a prearranged 10b5‑1 plan (disclosed sale), which is normal for planned programs but will be watched by some investors. Read More.
• Negative Sentiment: Marketplace friction: hundreds of large third‑party sellers staged a one‑day ad boycott over payout and ad‑payment changes and Amazon introduced fuel surcharges in some regions — a reputational and near‑term revenue risk for retail and ad businesses. Read More.
• Negative Sentiment: Valuation/technical caution: some analysts and market commentators flagged the stock as overbought after the rally, warning of a possible pullback despite the strategic positives. Read More.

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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