Thurston Springer Miller Herd & Titak Inc. Acquires 14,076 Shares of Amazon.com, Inc. $AMZN

Key Points

• Thurston Springer Miller Herd & Titak Inc. raised its stake in Amazon by 839.9% in Q4, purchasing 14,076 shares to hold 15,752 shares worth $3.636 million, about 1.3% of its portfolio and the firm's 10th-largest position.
• Amazon agreed to buy Globalstar for ~ $11.6 billion to expand its Amazon Leo/Kuiper satellite ambitions and offer direct-to-device phone/data services, a strategic move that could extend AWS/hardware revenue and position AMZN as a competitor to SpaceX’s Starlink over the long term.
• Company insiders have been net sellers recently: executives Matthew S. Garman and Andrew R. Jassy sold 17,751 and 19,872 shares respectively on Feb. 23, and insiders sold 72,686 shares worth about $14.9 million over the past 90 days, though insiders still own 10.8% of the stock.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 839.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,752 shares of the e-commerce giant's stock after purchasing an additional 14,076 shares during the quarter. Amazon.com accounts for approximately 1.3% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 10th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Amazon.com were worth $3,636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fairway Wealth LLC boosted its holdings in shares of 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 in the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com in the 3rd quarter valued at $27,000. 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. Cooksen Wealth LLC lifted its stake in shares of Amazon.com by 23.5% in 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 during the last quarter. Finally, PayPay Securities Corp lifted its stake in shares of Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after acquiring an additional 96 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Amazon agreed to acquire satellite operator Globalstar for about $11.6B to expand its Amazon Leo/Kuiper ambitions — the deal gives Amazon spectrum, operational assets and the ability to offer direct-to-device phone/data services (and ties into Apple iPhone emergency features), a strategic move that could meaningfully extend AWS/hardware revenue streams and position AMZN as a direct competitor to SpaceX’s Starlink. Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink
• Positive Sentiment: A reported shift in the AI vendor landscape (OpenAI highlighting Amazon/AWS as a partner) and continued AWS AI revenue momentum reinforce the outlook for higher-margin cloud services — a structural tailwind for AMZN profits and investor sentiment. Is OpenAI outgrowing Microsoft? A new Amazon alliance raises the stakes.
• Positive Sentiment: Unusual bullish options activity and heavy call volume ahead of earnings signal trader conviction in near-term upside — a technical/flow catalyst that can amplify price moves into earnings. Heavy, Unusual Volume in Amazon Options Ahead of Earnings in Two Weeks
• Neutral Sentiment: Wall Street remains broadly constructive: multiple buy/outperform ratings and elevated price targets (median ~ $300) support the long-term bull case, but they’re largely consensus reinforcement rather than a new catalyst. Amazon.com Inc: Goldman Sachs Remains Its Buy Rating
• Neutral Sentiment: Analysts note the Globalstar purchase is strategically important but long-duration: it accelerates capabilities for 2028 direct-to-device services while not addressing near-term constraints (notably rocket launch capacity). This tempers how quickly the deal can boost revenues. Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say
• Negative Sentiment: Operational/ESG risk: a worker death at an Oregon fulfillment center has drawn scrutiny and could create near-term reputational and regulatory attention. Amazon (AMZN) Worker Dies at Oregon Facility, Sparking Safety Concerns

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of the firm'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 of the company's stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer directly owned 2,238,118 shares of the company's stock, valued at approximately $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 72,686 shares of company stock worth $14,899,239 over the last 90 days. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Up 3.8%

Shares of NASDAQ:AMZN opened at $249.04 on Wednesday. The firm has a market cap of $2.68 trillion, a P/E ratio of 34.73, a P/E/G ratio of 1.80 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 12-month low of $165.29 and a 12-month high of $258.60. The business has a fifty day simple moving average of $212.10 and a 200 day simple moving average of $224.54.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The firm's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 earnings per share. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Evercore reiterated an "outperform" rating on shares of Amazon.com in a research note on Thursday, April 9th. DA Davidson reiterated a "neutral" rating and issued a $175.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Wolfe Research dropped their price target on Amazon.com from $255.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, March 19th. Finally, Moffett Nathanson increased their price target on Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $287.29.

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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