Tred Avon Family Wealth LLC Increases Holdings in Amazon.com, Inc. $AMZN

Key Points

• Tred Avon Family Wealth LLC increased its Amazon stake by 12.2% in the fourth quarter, adding 3,544 shares and bringing its total to 32,548 shares worth about $7.5 million.
• Amazon reported a strong latest quarter, with EPS of $2.78 beating estimates and revenue of $181.52 billion topping expectations, while sales rose 16.6% year over year.
• Analysts remain broadly upbeat on AMZN, with 56 Buy ratings versus 3 Hold ratings and an average target price of $313.09, even as some insiders recently sold shares under pre-arranged trading plans.

Tred Avon Family Wealth LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,548 shares of the e-commerce giant's stock after purchasing an additional 3,544 shares during the period. Amazon.com accounts for approximately 2.4% of Tred Avon Family Wealth LLC's holdings, making the stock its 6th largest holding. Tred Avon Family Wealth LLC's holdings in Amazon.com were worth $7,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 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 during the last quarter. State Street Corp boosted its position in shares of Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock worth $83,805,794,000 after purchasing an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com in the 2nd quarter worth $27,438,011,000. Finally, Northern Trust Corp boosted its position in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the sale, the chief executive officer owned 471,361 shares of the company's stock, valued at $129,624,275. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of Amazon.com stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the sale, the director directly owned 74,948 shares in the company, valued at $20,462,302.96. This represents a 4.71% 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. Over the last quarter, insiders sold 191,593 shares of company stock worth $46,289,241. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AMZN. DA Davidson raised their price target on Amazon.com from $175.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Wall Street Zen lowered Amazon.com from a "buy" rating to a "hold" rating in a research report on Saturday, January 10th. Susquehanna reaffirmed a "positive" rating and set a $325.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Maxim Group raised their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 1st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $313.09.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $272.62 on Friday. The company has a market capitalization of $2.93 trillion, a PE ratio of 32.61, a PEG ratio of 1.96 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $191.16 and a 12 month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $227.55 and its 200 day simple moving average is $228.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (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 firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the business posted $1.59 EPS. The company's revenue for the quarter was up 16.6% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 7.98 EPS for the current year.

Amazon.com Company 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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