Spinecap SAS Has $11.59 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Spinecap SAS increased its Amazon position by 14% in the fourth quarter, buying 6,158 more shares and bringing its stake to 50,211 shares worth about $11.59 million. Amazon now represents roughly 5% of the firm’s portfolio.
• Amazon’s latest earnings beat expectations, with EPS of $2.78 versus the $1.63 consensus and revenue of $181.52 billion, up 16.6% year over year. Analysts now expect the company to earn 7.71 EPS for the current fiscal year.
• Despite some insider selling, Wall Street remains bullish on AMZN: 57 analysts rate it a Buy and the consensus target price is $312.78. Recent positives include AI-chip sales plans, a major Missouri data center investment, and continued AWS momentum.

Spinecap SAS raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,211 shares of the e-commerce giant's stock after buying an additional 6,158 shares during the quarter. Amazon.com comprises approximately 5.0% of Spinecap SAS's portfolio, making the stock its 6th biggest position. Spinecap SAS's holdings in Amazon.com were worth $11,590,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after buying an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC increased its position in Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock valued at $51,753,622,000 after buying an additional 2,479,324 shares in the last quarter. Norges Bank bought a new position in Amazon.com during the 4th quarter valued at approximately $32,868,735,000. Finally, Northern Trust Corp raised its stake in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 2.9%

AMZN stock opened at $244.39 on Friday. The stock has a market capitalization of $2.63 trillion, a P/E ratio of 29.23, a P/E/G ratio of 1.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The business has a fifty day moving average price of $256.04 and a 200-day moving average price of $234.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 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 company had revenue of $181.52 billion for the quarter, compared to analysts' expectations of $177.28 billion. During the same period last year, the firm posted $1.59 earnings per share. Amazon.com's revenue was up 16.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, 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 transaction, the chief executive officer owned 471,361 shares in the company, valued at approximately $129,624,275. This represents a 5.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% 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 over the last quarter. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on AMZN shares. Scotiabank reissued an "outperform" rating and issued a $325.00 target price (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. KeyCorp lifted their price target on Amazon.com from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Royal Bank Of Canada reiterated a "buy" rating on shares of Amazon.com in a research note on Tuesday. Telsey Advisory Group increased their price objective on shares of Amazon.com from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC raised their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $312.78.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon is exploring selling Trainium AI chips to external data-center customers, which could open a new revenue stream and strengthen its position in AI infrastructure. Amazon CEO Jassy says company could sell AI chips, raising stakes for Nvidia, AMD
• Positive Sentiment: Amazon’s planned $10 billion Missouri data center buildout underscores rising AI infrastructure demand and suggests stronger AWS growth ahead. Should Amazon’s US$10 Billion Missouri AI Bet and Trainium Chip Sales Shift AMZN’s Cloud Narrative?
• Positive Sentiment: Bank of America reiterated a Buy rating and a $310 price target, framing Alexa+ and Prime Day as potential catalysts for adoption and sales growth. Amazon's Alexa AI Could Be The Real Prime Day Winner: Analyst
• Positive Sentiment: Prime Day is expected to generate nearly $22 billion in gross merchandise value, offering a near-term retail lift and a showcase for Amazon’s AI shopping tools. Amazon Prime Day expected to generate nearly $22B in sales
• Positive Sentiment: Alexa+ is expanding internationally, including full rollout in Canada and availability in Brazil, which supports Amazon’s consumer AI monetization story. Here’s Why Amazon.com, Inc. (AMZN) is a Top Growth Stock to Buy According to Ray Dalio’s Bridgewater
• Positive Sentiment: Amazon’s AWS unit won new business as Zelis selected AWS to automate healthcare pricing and payments, showing continued enterprise cloud momentum. Zelis Picks AWS to Automate Healthcare Pricing and Payments

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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