Mosaic Family Wealth Partners LLC Has $4.78 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Mosaic Family Wealth Partners increased its Amazon stake by 12% in the first quarter, ending with 22,969 shares valued at about $4.78 million.
• Amazon’s latest quarterly results beat expectations, with EPS of $2.78 versus the $1.63 consensus and revenue of $181.52 billion, up 16.6% year over year.
• Wall Street remains bullish on AMZN: multiple firms raised price targets, and the stock has a consensus rating of Moderate Buy with an average target price of $312.76.

Mosaic Family Wealth Partners LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,969 shares of the e-commerce giant's stock after acquiring an additional 2,468 shares during the period. Amazon.com accounts for 0.5% of Mosaic Family Wealth Partners LLC's investment portfolio, making the stock its 29th biggest holding. Mosaic Family Wealth Partners LLC's holdings in Amazon.com were worth $4,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its holdings in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.8% in the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after acquiring an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock worth $51,753,622,000 after purchasing an additional 2,479,324 shares during the period. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at approximately $32,868,735,000. Finally, Auto Owners Insurance Co lifted its position in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 1.1%

Shares of AMZN stock opened at $249.99 on Tuesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The stock has a market cap of $2.69 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.84 and a beta of 1.46. The firm's 50-day moving average is $250.45 and its 200-day moving average is $236.08. 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 earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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 company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the company posted $1.59 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $239.77, for a total transaction of $239,770.00. Following the completion of the sale, the chief executive officer owned 484,527 shares in the company, valued at $116,175,038.79. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. 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 quarter, insiders have sold 144,274 shares of company stock valued at $38,716,204. Insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Bank of America upped their price objective on Amazon.com from $298.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Sanford C. Bernstein reiterated an "outperform" rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. TD Securities raised shares of Amazon.com to a "buy" rating in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, May 6th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $312.76.

More Amazon.com News

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

• Positive Sentiment: Several articles highlighted Amazon’s AI buildout, including strong demand for its Trainium chips and a large AWS backlog, reinforcing the view that Amazon’s capex may translate into future earnings power. What Is Going on With Amazon Stock on Monday?
• Positive Sentiment: Analysts are increasingly optimistic ahead of Amazon’s July 30 earnings report, with expectations for AWS growth to accelerate and retail trends to remain solid, which supports the stock’s move higher. Amazon’s AI Spending Is About to Face Its Most Important AWS Test Yet
• Positive Sentiment: Multiple bullish pieces argued Amazon is undervalued and a “no-brainer” buy because AI infrastructure spending and cloud economics could drive a future margin inflection. Undervalued and Winning the AI Hyperscaler War: 3 Reasons Amazon is a No-Brainer Right Now
• Positive Sentiment: Investor coverage also pointed to continued support from large holders and prominent investors such as Ray Dalio and David Tepper, which can reinforce confidence in AMZN as an AI megacap winner. Billionaire Investor David Tepper’s Top 5 Stocks
• Neutral Sentiment: One article noted Amazon closed another facility and cut nearly 500 jobs, but it appears tied to logistics optimization rather than a major strategic setback. Amazon closes another major facility, nearly 500 workers affected
• Neutral Sentiment: Some commentary questioned Amazon’s free cash flow because of heavy AI capital spending, but these concerns were outweighed today by optimism about future AWS and chip returns. Big Tech Is Minting Mountains of Cash — But Amazon’s Is Vanishing

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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