Sound Income Strategies LLC Increases Position in Amazon.com, Inc. $AMZN

Key Points

• Sound Income Strategies LLC increased its stake in Amazon by 6.9%, adding 3,849 shares to hold 59,767 shares worth about $14,292,000 as of the firm’s latest Q4 13F filing.
• Insider selling has been notable: CEO Matthew S. Garman sold 17,751 shares for roughly $3.64 million on Feb. 23, and insiders have sold 93,186 shares (≈$19.92 million) over the past 90 days; insiders now own 9.70% of the company.
• Analyst and institutional sentiment remains largely positive: the stock has a consensus rating of "Moderate Buy" with an average price target of $287.38, and about 72.20% of shares are owned by hedge funds and other institutional investors.

Sound Income Strategies LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,767 shares of the e-commerce giant's stock after acquiring an additional 3,849 shares during the quarter. Sound Income Strategies LLC's holdings in Amazon.com were worth $14,292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in 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 valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Amazon.com by 2.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE increased its holdings in Amazon.com by 5.5% in 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 buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com in the fourth quarter valued at about $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,751 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total value of $554,900.50. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $24,662,702. The trade was a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 93,186 shares of company stock worth $19,921,739 over the last 90 days. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a report on Friday, March 27th. Piper Sandler reissued an "overweight" rating and issued a $260.00 price objective (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Evercore reissued an "outperform" rating on shares of Amazon.com in a report on Thursday, April 9th. Rosenblatt Securities reissued a "buy" rating and issued a $296.00 price objective on shares of Amazon.com in a report on Wednesday. Finally, UBS Group set a $311.00 price objective on Amazon.com in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $287.38.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Market sentiment has flipped positive on Amazon as investors focus on AWS’s AI-driven growth and the stock briefly touched record territory. Read More.
• Positive Sentiment: Amazon’s acquisition of Globalstar (satellite connectivity) is being viewed as strategic for its LEO/satellite ambitions (Project Kuiper/complementary assets), helping re-rate the stock. Read More.
• Positive Sentiment: AWS continues to land high‑profile customers (media/AI wins), reinforcing the enterprise AI revenue runway that underpins multiple expansion. Read More.
• Positive Sentiment: Multiple analysts and notable investors are raising targets or adding to positions (Truist, JPMorgan commentary and public buys), supporting momentum and sentiment. Read More.
• Positive Sentiment: Operational tailwind: NiSource expanded power agreements to accelerate energy delivery to Amazon data centers, easing one constraint on AWS capacity growth. Read More.
• Neutral Sentiment: Company initiatives beyond core cloud/retail — e.g., longer theatrical runs for content and investments in energy/space through affiliates — signal diversification but are longer‑term revenue drivers. Read More.
• Neutral Sentiment: Insider activity: CEO Douglas Herrington sold shares under a prearranged 10b5‑1 plan (disclosed sale), which is normal for planned programs but will be watched by some investors. Read More.
• Negative Sentiment: Marketplace friction: hundreds of large third‑party sellers staged a one‑day ad boycott over payout and ad‑payment changes and Amazon introduced fuel surcharges in some regions — a reputational and near‑term revenue risk for retail and ad businesses. Read More.
• Negative Sentiment: Valuation/technical caution: some analysts and market commentators flagged the stock as overbought after the rally, warning of a possible pullback despite the strategic positives. Read More.

Amazon.com Price Performance

Shares of AMZN opened at $250.56 on Friday. The company has a market cap of $2.69 trillion, a P/E ratio of 34.95, a PEG ratio of 1.87 and a beta of 1.38. The stock has a fifty day moving average price of $213.76 and a 200 day moving average price of $225.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. Amazon.com, Inc. has a 12 month low of $165.29 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 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.

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