RWQ Financial Management Services Inc. Has $12.54 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• RWQ Financial Management Services cut its Amazon stake by 32.9% in the fourth quarter, but still held 54,335 shares worth about $12.54 million. Amazon remains its 9th largest position and represents roughly 5.8% of its portfolio.
• Analysts remain broadly bullish on Amazon, with several firms raising price targets and the stock carrying a Moderate Buy consensus. MarketBeat reports 57 Buy ratings versus just 3 Hold ratings, with an average price target of $312.66.
• Amazon’s recent results and outlook look strong, as the company beat quarterly EPS and revenue estimates and posted 16.6% year-over-year revenue growth. The article also notes continued optimism around AI, AWS re-acceleration, and ad/subscription growth, even as insiders recently sold shares.

RWQ Financial Management Services Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,335 shares of the e-commerce giant's stock after selling 26,655 shares during the period. Amazon.com makes up approximately 5.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 9th biggest position. RWQ Financial Management Services Inc.'s holdings in Amazon.com were worth $12,542,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC boosted its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC bought a new stake in shares of Amazon.com in the third quarter valued at approximately $27,000. Bridge Generations Wealth Management LLC boosted its stake in shares of Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 233 shares during the period. Cooksen Wealth LLC boosted its stake in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after buying an additional 47 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in Amazon.com by 2.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 309,697 shares of the e-commerce giant's stock valued at $71,000 after purchasing an additional 7,329 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James Financial restated an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, May 1st. China Renaissance boosted their price objective on shares of Amazon.com from $300.00 to $326.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. BNP Paribas Exane boosted their price objective on shares of Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. TD Securities upgraded shares of Amazon.com to a "buy" rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $312.66.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 11,475 shares of the company's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the completion of the transaction, the chief executive officer directly owned 11,430 shares in the company, valued at approximately $3,002,203.80. This represents a 50.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the company's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the transaction, the director owned 78,654 shares of the company's stock, valued at $20,450,040. This trade represents a 4.67% 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. Insiders have sold a total of 136,124 shares of company stock valued at $35,801,387 over the last three months. 8.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $266.32 on Tuesday. The company has a fifty day moving average of $240.63 and a 200-day moving average of $231.82. The company has a market capitalization of $2.86 trillion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. 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, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal 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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.