Steelhead Wealth Management LLC Buys New Shares in Amazon.com, Inc. $AMZN

Key Points

• Steelhead Wealth Management bought 2,551 Amazon shares worth approximately $531,000 in the first quarter. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported quarterly revenue of $200.61 billion, up 19.6% year over year, and EPS of $5.75, well above the $1.82 consensus estimate. Analysts maintain a generally bullish view, with a “Moderate Buy” consensus and an average price target of $322.56.
• Amazon insiders sold 77,867 shares worth approximately $20.5 million over the past three months, including sales by CEO Andrew Jassy and SVP David Zapolsky under pre-arranged Rule 10b5-1 plans.

Steelhead Wealth Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,551 shares of the e-commerce giant's stock, valued at approximately $531,000.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in Amazon.com during the 4th quarter worth $32,868,735,000. Auto Owners Insurance Co increased its holdings in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP raised its position in Amazon.com by 20,598.0% in the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC acquired a new position in shares of Amazon.com during the first quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its stake in shares of Amazon.com by 879.4% during the fourth 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. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, 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 sale was disclosed in a 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 stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. 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. In the last three months, insiders sold 77,867 shares of company stock worth $20,532,092. Corporate insiders own 8.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wedbush raised their price target on shares of Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and set a $328.00 target price (up from $322.00) on shares of Amazon.com in a research report on Friday, July 31st. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $322.56.

Amazon.com Price Performance

Shares of AMZN opened at $274.48 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.96 trillion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.83 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock has a 50 day moving average of $246.35 and a 200-day moving average of $237.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same period last year, the business posted $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS and AI demand remain the main bullish catalysts. Recent coverage highlights AWS growth of roughly 37%, a reported $496 billion backlog, and sustained demand for AI infrastructure. Amazon has raised its 2026 capital-expenditure outlook to approximately $220 billion and plans to expand data-center capacity, signaling confidence that demand will continue. Amazon: $3 Trillion Is a Milestone, Not a Ceiling
• Positive Sentiment: Recent operating results and analyst views support the stock. Amazon’s latest quarter exceeded consensus estimates, with revenue of $200.61 billion, up 19.6% year over year. Zacks upgraded the shares to “Strong Buy,” while other analysts raised price targets, reinforcing the view that AWS, advertising, and retail improvements can offset higher spending. AI Boom: Top Stocks to Consider for Your Portfolio
• Positive Sentiment: Amazon Pharmacy is expanding its healthcare opportunity. Eligible Medicare Part D patients can access certain GLP-1 weight-loss drugs, including Wegovy and Zepbound, for $50 per month through a federal program. The initiative could increase pharmacy traffic and strengthen Amazon’s position in prescription fulfillment, though near-term financial benefits are uncertain. Amazon Pharmacy Offers Weight-Loss Drugs
• Neutral Sentiment: Amazon’s AI spending is producing both optimism and concern. Bullish investors argue strong AWS demand and committed capacity can justify the investment cycle, while valuation experts warn that hyperscalers may be “overinvesting” before returns are clear. The heavier spending could pressure free cash flow and margins if AI monetization slows. Amazon’s Massive Capex Expansion
• Negative Sentiment: Large shareholder sales are creating supply concerns. Jeff Bezos plans to sell roughly 15 million shares valued near $4 billion, while Amazon CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. Berkshire Hathaway also exited its Amazon position in the first quarter. These transactions do not change Amazon’s fundamentals but may weigh on sentiment after the stock’s rally. Bezos Plans to Sell Amazon Stock

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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