Prasad Wealth Partners LLC Reduces Stake in Amazon.com, Inc. $AMZN

Key Points

• Prasad Wealth Partners LLC cut its Amazon stake by 6.0% in the fourth quarter, selling 2,485 shares and ending with 38,883 shares worth about $8.98 million. Amazon remains a meaningful holding, making up roughly 2.4% of the firm’s portfolio.
• Amazon reported strong quarterly results, with earnings of $2.78 per share and revenue of $181.52 billion, both above analyst expectations. Revenue rose 16.6% year over year, and analysts now expect $7.72 EPS for the current fiscal year.
• Wall Street remains bullish on AMZN, with multiple firms raising price targets after earnings. The stock has a consensus rating of “Moderate Buy,” and the average target price is $313.09.

Prasad Wealth Partners LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,883 shares of the e-commerce giant's stock after selling 2,485 shares during the quarter. Amazon.com makes up approximately 2.4% of Prasad Wealth Partners LLC's investment portfolio, making the stock its 14th largest position. Prasad Wealth Partners LLC's holdings in Amazon.com were worth $8,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 1.1% during the 1st 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 period. State Street Corp grew its holdings in shares of Amazon.com by 2.0% during the 3rd 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 period. Geode Capital Management LLC grew its holdings in shares of Amazon.com by 1.7% during the 2nd 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 period. Norges Bank purchased a new position in shares of Amazon.com during the 2nd quarter worth $27,438,011,000. Finally, Northern Trust Corp grew its holdings in shares of Amazon.com by 0.3% during the 1st 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 period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock opened at $272.62 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm has a market capitalization of $2.93 trillion, a P/E ratio of 32.61, a P/E/G ratio of 1.97 and a beta of 1.46. The business's 50-day moving average is $227.55 and its two-hundred day moving average is $228.72. Amazon.com, Inc. has a 1 year low of $191.16 and a 1 year high of $278.56.

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, beating analysts' consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Analysts anticipate that Amazon.com, Inc. will post 7.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Rosenblatt Securities increased their price target on Amazon.com from $296.00 to $332.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Argus restated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. Needham & Company LLC raised their target price on Amazon.com from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Morgan Stanley raised their target price on Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, Pivotal Research restated a "buy" rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $313.09.

Key Stories Impacting 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

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $273.02, for a total value of $1,011,812.12. Following the sale, the director owned 74,948 shares of the company's stock, valued at $20,462,302.96. This trade represents a 4.71% decrease in their position. The transaction was disclosed in a document filed 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 Andrew R. Jassy sold 31,352 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the sale, the chief executive officer directly owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 191,593 shares of company stock worth $46,289,241 over the last 90 days. 8.90% of the stock is currently owned by company insiders.

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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