Mirae Asset Global Investments Co. Ltd. Raises Holdings in Amazon.com, Inc. $AMZN

Key Points

• Mirae Asset raised its Amazon stake by 8.6% in Q4 to 5,107,123 shares (worth about $1.1788 billion), making AMZN roughly 3.3% of its portfolio and its 5th-largest holding.
• Strong Q1 and new logistics push: Amazon beat Q1 EPS and revenue estimates and launched "Amazon Supply Chain Services" to open its logistics network to outside businesses, prompting analyst price-target upgrades and supporting the AI/logistics growth thesis.
• Insider selling noted: CEO Andy Jassy sold 31,000 shares (and insiders sold 131,741 shares totaling about $29.8 million over the last 90 days) via pre-arranged 10b5-1 plans, while insiders still own about 8.9% of the company.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,107,123 shares of the e-commerce giant's stock after buying an additional 402,648 shares during the period. Amazon.com comprises about 3.3% of Mirae Asset Global Investments Co. Ltd.'s investment portfolio, making the stock its 5th largest holding. Mirae Asset Global Investments Co. Ltd.'s holdings in Amazon.com were worth $1,178,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Thomasville National Bank boosted its position in shares of Amazon.com by 1.8% during the fourth quarter. Thomasville National Bank now owns 380,794 shares of the e-commerce giant's stock worth $87,895,000 after buying an additional 6,774 shares during the period. WBH Advisory Inc. boosted its position in shares of Amazon.com by 1.9% during the fourth quarter. WBH Advisory Inc. now owns 16,906 shares of the e-commerce giant's stock worth $3,902,000 after buying an additional 310 shares during the period. PDS Planning Inc boosted its position in shares of Amazon.com by 5.9% during the fourth quarter. PDS Planning Inc now owns 65,738 shares of the e-commerce giant's stock worth $15,174,000 after buying an additional 3,687 shares during the period. JNBA Financial Advisors boosted its position in shares of Amazon.com by 2.4% during the fourth quarter. JNBA Financial Advisors now owns 11,807 shares of the e-commerce giant's stock worth $2,725,000 after buying an additional 278 shares during the period. Finally, Kiley Juergens Wealth Management LLC boosted its position in shares of Amazon.com by 1.6% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 95,491 shares of the e-commerce giant's stock worth $22,041,000 after buying an additional 1,533 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. President Capital cut their price objective on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Benchmark boosted their price objective on shares of Amazon.com from $275.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $311.65.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon launched "Amazon Supply Chain Services" (ASCS), opening its freight, fulfillment and parcel network to outside businesses — a potential new high-margin revenue stream that investors compare to the AWS monetization playbook; the move knocked down UPS/FDX as the market repriced competitive risk. Amazon opens up its logistics network to other businesses
• Positive Sentiment: Strong Q1 results and management messaging: Amazon beat Q1 EPS/revenue estimates and CEO Andy Jassy emphasized that heavy AI investment is a "once-in-a-generation" opportunity whose returns come later — supporting the long-term growth case for AWS, AI infrastructure and the new logistics product. Andy Jassy says Amazon investors will be rewarded by all its AI spending
• Positive Sentiment: Wall Street momentum: several firms raised targets or reiterated buys (examples include New Street and DZ Bank), adding upside to the stock’s outlook and validating the growth/AI/logistics thesis. DZ Bank raises target
• Neutral Sentiment: Insider transaction: director Jonathan Rubinstein sold ~3,700 shares under a pre-arranged 10b5-1 plan — a disclosed plan sale that typically has limited informational value for fundamentals. Director sale disclosed
• Neutral Sentiment: Internal AI tooling rollout: Amazon adopted Claude Code and Codex company-wide, widening employee access to AI tools — a constructive operational step but one whose near-term revenue impact is unclear. Amazon employees pushed for Claude Code
• Negative Sentiment: CapEx and free‑cash‑flow pressure: analysts and articles point out Amazon’s massive AI/capex spend has materially reduced near-term free cash flow, which could concern investors if returns take longer to materialize. Monitor capex-to-revenue and FCF trends. CapEx reduces FCF
• Negative Sentiment: Macro inflation/cost risk: commentary warns that hyperscaler AI spending could add to inflationary pressure (energy, wages, tariffs), which would be a headwind for multiples and margins across the market. Think AI spending won’t stoke inflation?

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 31,000 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the sale, the chief executive officer owned 2,207,118 shares in the company, valued at $562,815,090. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $245.00, for a total value of $5,022,500.00. Following the completion of the sale, the chief executive officer owned 499,861 shares in the company, valued at $122,465,945. This represents a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 131,741 shares of company stock valued at $29,839,291. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $271.90 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm's fifty day moving average price is $223.63 and its two-hundred day moving average price is $227.48. Amazon.com, Inc. has a 1 year low of $183.85 and a 1 year high of $276.10. The firm has a market capitalization of $2.92 trillion, a P/E ratio of 32.52, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

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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