Red Door Wealth Management LLC Acquires 2,171 Shares of Amazon.com, Inc. $AMZN

Key Points

• Red Door Wealth Management increased its Amazon stake by 1.7% in Q1, buying 2,171 additional shares and bringing its total holding to 132,673 shares valued at about $27.6 million.
• Amazon reported strong quarterly results, with earnings of $2.78 per share topping expectations and revenue of $181.52 billion beating estimates while rising 16.6% year over year.
• Despite some recent stock weakness, analysts remain broadly bullish: Amazon has a “Moderate Buy” consensus and an average price target of $312.79, while institutional ownership remains high at 72.2%.

Red Door Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,673 shares of the e-commerce giant's stock after purchasing an additional 2,171 shares during the quarter. Amazon.com accounts for 2.9% of Red Door Wealth Management LLC's portfolio, making the stock its 7th largest position. Red Door Wealth Management LLC's holdings in Amazon.com were worth $27,632,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its position in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com during the fourth quarter valued at $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock traded up $2.87 during trading hours on Tuesday, reaching $247.03. 5,884,606 shares of the company were exchanged, compared to its average volume of 50,336,535. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. 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 stock has a 50-day moving average of $254.57 and a 200 day moving average of $234.65. The firm has a market cap of $2.66 trillion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.81 and a beta of 1.46.

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 for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. Amazon.com's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Reuters reported that Amazon is looking to raise at least $25 billion through a U.S. dollar bond sale to help fund its large AI investments, signaling continued commitment to expanding its cloud and AI infrastructure. Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
• Positive Sentiment: Amazon Web Services is accelerating its custom chip strategy, with reports saying AWS is pushing Trainium 3 production higher and reserving most of the new capacity for enterprise customers, which could support future margin expansion. Amazon Could be On the Cusp of Reshaping the Artificial Intelligence (AI) Chip Market. Should Nvidia Investors be Worried?
• Positive Sentiment: AWS is also reported to be investing $1 billion in forward-deployed engineers, a move that could deepen customer relationships and strengthen Amazon’s enterprise AI push. Amazon Follows Palantir's Playbook: How Forward Deployed Engineers Target the Enterprise AI Gold Rush
• Positive Sentiment: Reuters said fresh food offerings are boosting demand for Amazon’s 15-minute delivery service in Brazil, and the company is expanding its product selection there by 15%, showing traction in international quick-commerce. Fresh foods boost Amazon Now demand in Brazil, executive says
• Positive Sentiment: Multiple articles highlighted Amazon as a likely beneficiary of Anthropic’s growth and any future IPO, reinforcing the value of Amazon’s AI investments and strategic stake. Forget the Anthropic IPO: These 2 Stocks Could Benefit First
• Neutral Sentiment: Several commentary pieces discussed Amazon’s valuation, Prime Day, and whether the stock is attractive after its recent pullback, but these were more opinion-driven than new company-specific catalysts. Should Investors Buy Amazon Stock Instead of Walmart?
• Negative Sentiment: One article noted that Amazon has fallen about 13% over the past month, reflecting ongoing investor concern around near-term performance and possibly heavier spending. Down 13% in 1 Month, Is Amazon a Buy, or Is the Worst Still to Come?
• Negative Sentiment: There is also some market chatter about increased competition in e-commerce and delivery, including reports of rival low-price shopping platforms and retailer promotions, which could pressure Amazon’s retail business. Chu Hai Bang (Shenzhen) Technology Co., Ltd. Launches Vibeperk Global Low-Price Shopping Mall...

Analysts Set New Price Targets

AMZN has been the topic of several research reports. UBS Group set a $315.00 target price on Amazon.com in a research report on Monday, June 1st. Canaccord Genuity Group boosted their price target on Amazon.com from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Pivotal Research reaffirmed a "buy" rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, Phillip Securities upgraded shares of Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 target price for the company in a research note on Wednesday, May 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $312.79.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the business's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the transaction, the chief executive officer owned 2,175,766 shares of the company's stock, valued at $598,335,650. The trade was a 1.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer owned 471,361 shares of the company's stock, valued at $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 195,774 shares of company stock worth $51,643,704. Insiders own 8.90% of the company's stock.

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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