SHP Wealth Management Buys New Position in Amazon.com, Inc. $AMZN

Key Points

• SHP Wealth Management initiated a new position in Amazon during the fourth quarter, buying 39,959 shares valued at about $9.2 million. The stake now represents roughly 0.7% of the firm’s holdings.
• Institutional interest in Amazon remains strong, with large investors such as Norges Bank, Nuveen, and others making major purchases or expanding positions. The article notes that 72.20% of Amazon shares are owned by hedge funds and other institutional investors.
• Analysts remain broadly bullish on Amazon, citing AWS and AI as key growth drivers, while the company continues to post strong operating results. Amazon recently beat earnings and revenue estimates, and the consensus rating is Moderate Buy with an average price target of $312.78.

SHP Wealth Management purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,959 shares of the e-commerce giant's stock, valued at approximately $9,223,000. Amazon.com makes up approximately 0.7% of SHP Wealth Management's holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $32,868,735,000. J. Stern & Co. LLP boosted its holdings in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the last quarter. Nuveen LLC purchased a new position in Amazon.com during the first quarter worth about $11,674,091,000. Cardano Risk Management B.V. grew its position in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Analysts are increasingly bullish on Amazon’s AI and cloud positioning, with multiple firms reiterating Buy ratings and highlighting AWS as a long-term growth driver. Brian Pitz Reiterates Amazon as Top Pick, Maintains Buy Rating and $355 Price Target on Strengthening AI and Cloud Positioning
• Positive Sentiment: Amazon is reportedly exploring sales of its Trainium AI chips to external data center customers, which could open a new revenue stream and deepen its challenge to Nvidia. Amazon exploring selling its custom AI chips to data center customers
• Positive Sentiment: Prime Day is approaching, and Bank of America expects the event to drive strong sales while boosting adoption of Amazon’s AI shopping tools, including Alexa for Shopping. Bank of America Lays Out Expectations Ahead of Amazon Stock’s Prime Day
• Positive Sentiment: Amazon is investing more than €10 billion to expand its European fulfillment network, signaling continued support for e-commerce capacity and logistics efficiency. Amazon Commits €10 Billion for European fulfillment network
• Neutral Sentiment: Amazon is facing EU scrutiny over whether AWS should be classified as a “gatekeeper” under the Digital Markets Act, which could increase regulatory oversight for the cloud unit. Microsoft and Amazon Face EU Digital Markets Act Scrutiny Over Cloud Dominance
• Neutral Sentiment: Amazon MGM Studios dropped the nearly finished OpenAI film “Artificial” after the companies’ broader partnership shift, a move with limited direct financial impact but notable signaling value. Luca Guadagnino’s Sam Altman, OpenAI Film ‘Artificial’ Dropped by Amazon MGM Studios
• Negative Sentiment: Amazon is also dealing with employee and public scrutiny over AI data center expansion and labor practices, which could add regulatory and reputational pressure. Amazon investigating engineers who criticized AI data center expansion

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $280.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Benchmark upped their target price on Amazon.com from $275.00 to $370.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Piper Sandler set a $330.00 price target on Amazon.com in a research report on Thursday, June 11th. Wells Fargo & Company set a $312.00 price target on Amazon.com and gave the stock an "overweight" rating in a report on Wednesday, May 20th. Finally, Maxim Group boosted their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $312.78.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $31,427,876.40. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer owned 2,205,766 shares of the company's stock, valued at $581,042,879.72. This represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,614,434 in the last quarter. 8.90% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $244.39 on Monday. 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 fifty day simple moving average of $256.51 and a two-hundred day simple moving average of $234.12. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The firm has a market cap of $2.63 trillion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 1.83 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The business's revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share 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.

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.