Sky Investment Group LLC Purchases 2,808 Shares of Amazon.com, Inc. $AMZN

Key Points

• Sky Investment Group LLC increased its Amazon position by 7.6% in the first quarter, buying 2,808 additional shares and bringing its total to 39,539 shares worth about $8.24 million.
• Amazon’s latest quarter beat expectations, with EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion topping estimates, while revenue rose 16.6% year over year.
• Analysts remain broadly bullish: several firms raised price targets, and Amazon now has a Moderate Buy consensus with a target price of $312.78. Institutional ownership remains high at 72.20%.

Sky Investment Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,539 shares of the e-commerce giant's stock after purchasing an additional 2,808 shares during the period. Amazon.com comprises about 1.4% of Sky Investment Group LLC's portfolio, making the stock its 27th largest position. Sky Investment Group LLC's holdings in Amazon.com were worth $8,235,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MilWealth Group LLC lifted its position in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership grew its holdings in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 180 shares in the last quarter. Fairway Wealth LLC increased its position in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. increased its position in shares of Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 107 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: Prime Day demand appears to be supporting sentiment, with reports of strong early online spending and investor expectations for a Q2 revenue beat. Reuters: US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
• Positive Sentiment: Amazon’s Zoox autonomous vehicle unit unveiled a redesigned robotaxi and said it is preparing for larger-scale production and a wider commercial rollout later this year, reinforcing the company’s long-term optionality in mobility. CNBC: Amazon's Zoox unveils redesigned robotaxi ahead of upcoming expansion
• Positive Sentiment: Wall Street commentary remains constructive, with analysts and major investors highlighting Amazon’s AWS growth, AI shopping tools, and advertising/Prime businesses as reasons the stock can keep compounding over time. Benzinga: Cathie Wood Is Rebuilding The Magnificent 7 Trade
• Neutral Sentiment: Amazon’s AWS and AI teams continue to promote new capabilities, including expanded Bedrock functionality and commentary that AI will reshape white-collar work rather than eliminate it, which supports the long-term AI narrative but does not create an immediate catalyst. Zacks: Amazon Strengthens Bedrock Ecosystem: What's Next for Enterprise AI?
• Negative Sentiment: Some investors remain concerned that heavy AI infrastructure spending and Prime Day timing shifts could pressure future comparisons, and Amazon has also faced added noise from labor and regulatory headlines. MarketBeat: Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock

Amazon.com Price Performance

Amazon.com stock opened at $234.24 on Thursday. The firm has a market capitalization of $2.52 trillion, a P/E ratio of 28.02, a PEG ratio of 1.75 and a beta of 1.44. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. 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 business has a fifty day moving average price of $256.29 and a 200-day moving average price of $234.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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%.The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $275.00, for a total transaction 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 approximately $598,335,650. The trade was a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 195,774 shares of company stock worth $51,614,434 over the last quarter. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America boosted their price objective on Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Moffett Nathanson raised their target price on Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research report on Tuesday, April 7th. BMO Capital Markets lifted their target price on Amazon.com from $310.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. DA Davidson boosted their price target on shares of Amazon.com from $175.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.78.

Amazon.com Company 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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