Thoroughbred Financial Services LLC Has $39.49 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Thoroughbred Financial Services LLC increased its Amazon stake by 1.9% in the fourth quarter, ending with 171,085 shares valued at about $39.49 million. Amazon is now its fourth-largest holding and makes up 2.3% of its portfolio.
• Wall Street remains broadly optimistic on AMZN, with several analysts raising price targets and the stock carrying a consensus rating of Moderate Buy. The average target price stands at $312.52, with 57 Buy ratings and only three Hold ratings.
• Amazon reported strong quarterly results, beating expectations with $2.78 EPS on $181.52 billion in revenue, and revenue rose 16.6% year over year. The article also notes recent insider sales, including transactions by CEO Douglas J. Herrington and Matthew S. Garman.

Thoroughbred Financial Services LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,085 shares of the e-commerce giant's stock after acquiring an additional 3,158 shares during the period. Amazon.com comprises 2.3% of Thoroughbred Financial Services LLC's holdings, making the stock its 4th largest holding. Thoroughbred Financial Services LLC's holdings in Amazon.com were worth $39,489,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC lifted its stake in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in shares of Amazon.com during the third quarter worth $27,000. MilWealth Group LLC increased its holdings in shares of Amazon.com by 79.0% during the fourth 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. Bridge Generations Wealth Management LLC lifted its stake in shares of Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 233 shares during the last quarter. Finally, Cooksen Wealth LLC boosted its holdings in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after acquiring an additional 47 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon continues to expand its AI and cloud infrastructure, including a multibillion-dollar fiber-optic agreement with Corning to support U.S. data center buildout, which reinforces long-term growth opportunities for AWS and AI services.
• Positive Sentiment: Analysts remain upbeat on AMZN, with recent Buy/Outperform reiterations and price targets above current levels, suggesting Wall Street sees the pullback as a potential entry point rather than a fundamental problem.
• Positive Sentiment: Amazon also announced new partnerships and product initiatives, including Amazon One Medical’s collaboration with Baptist Health in South Florida and AI-powered warehouse robotics, both of which support its broader ecosystem and automation strategy.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley increased their target price on Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Pivotal Research restated a "buy" rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Arete Research upped their price objective on Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Guggenheim reiterated a "buy" rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, Maxim Group boosted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $312.52.

Amazon.com Trading Down 0.4%

Shares of Amazon.com stock opened at $244.19 on Wednesday. The stock has a market capitalization of $2.63 trillion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The stock has a 50 day moving average price of $251.52 and a two-hundred day moving average price of $233.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same period last year, the company earned $1.59 earnings per share. The business's revenue was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $266.19, for a total transaction of $266,190.00. Following the completion of the sale, the chief executive officer owned 485,527 shares in the company, valued at approximately $129,242,432.13. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares of the company's stock, valued at $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 195,774 shares of company stock valued at $51,614,434. Corporate insiders own 8.90% of the company's stock.

Amazon.com 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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