Trust Asset Management LLC Has $24.04 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Trust Asset Management LLC trimmed its Amazon stake by 3.4% to 104,149 shares, leaving a position worth $24.04 million that represents 1.6% of the firm's portfolio and its 8th largest holding.
• Company insiders have been selling: CEO Andrew R. Jassy sold 19,872 shares (~$4.08 million) and Doug Herrington sold 6,835 shares, with insiders disposing of 71,686 shares (~$14.69 million) in the last quarter and now owning 9.7% of the stock.
• Corporate news is mixed but generally supportive—Amazon backed OpenAI’s large fundraise, won a Delta LEO satellite deal, is reportedly in talks to buy Globalstar, and maintains a MarketBeat consensus of "Moderate Buy" with an average target of $286.57.

Trust Asset Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,149 shares of the e-commerce giant's stock after selling 3,612 shares during the quarter. Amazon.com comprises 1.6% of Trust Asset Management LLC's portfolio, making the stock its 8th largest position. Trust Asset Management LLC's holdings in Amazon.com were worth $24,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AMZN. Fairway Wealth LLC lifted its stake in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com during the third quarter worth about $27,000. Bridge Generations Wealth Management LLC grew its position in shares of Amazon.com by 2,330.0% during the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 233 shares during the last quarter. Cooksen Wealth LLC increased its holdings 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 worth $54,000 after acquiring an additional 47 shares during the period. Finally, PayPay Securities Corp increased its holdings 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 worth $55,000 after acquiring an additional 96 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares of the company's stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the transaction, the chief executive officer directly owned 522,361 shares in the company, valued at approximately $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,686 shares of company stock worth $14,688,739 in the last quarter. Company insiders own 9.70% of the company's stock.

Amazon.com Trading Up 1.1%

Amazon.com stock opened at $210.57 on Thursday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The stock has a market capitalization of $2.26 trillion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The firm has a 50 day simple moving average of $214.78 and a 200-day simple moving average of $224.63.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm 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%.Amazon.com's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Big AI vote of confidence — Amazon was a backer in OpenAI’s record $122B funding round, which supports higher AWS demand for model training and inference and strengthens Amazon’s AI/cloud narrative. Amazon Goes Big on OpenAI's Record Fund Raise. ChatGPT Parent Worth $852 Billion Ahead of IPO.
• Positive Sentiment: Commercial win for Amazon Leo — Delta agreed to equip hundreds of planes with Amazon’s LEO satellite service starting in 2028, a tangible revenue & distribution milestone for Amazon’s satellite initiative versus Starlink. Amazon, Delta team up for in-flight Wi-Fi, challenging Musk's Starlink
• Positive Sentiment: Wall Street and notable funds are bullish — Citi raised its AMZN price target and high‑profile managers (Druckenmiller, Dalio, Citadel, D.E. Shaw mentions) have increased or maintained stakes, supporting sentiment and upside expectations for AWS-driven growth. Citi Raises Target Price for Amazon.com (AMZN)
• Positive Sentiment: Fintech expansion — Amazon is launching new small‑business credit cards with U.S. Bank/Mastercard, which can boost payments revenue and SMB engagement over time. Amazon to launch new small business credit cards in partnership with U.S. Bank, Mastercard
• Positive Sentiment: Operational/legal tail risk reduced — Amazon settled a Teamsters case alleging retaliation against striking workers, removing a potential labor overhang. Amazon settles Teamsters case alleging it retaliated against striking workers
• Neutral Sentiment: Strategic M&A talks — Reports say Amazon is in talks to buy Globalstar for about $9B to accelerate satellite capacity; strategically meaningful but will require capital and regulatory scrutiny. Amazon in talks to buy $9 billion satellite group Globalstar, FT reports
• Negative Sentiment: Data‑center attack risk — FT/Reuters report Amazon’s cloud operations in Bahrain were damaged in an Iranian strike and another data center was hit by a drone attack, highlighting geopolitical/availability risks to AWS revenue and costs. Amazon's cloud business in Bahrain damaged in Iran strike, FT reports
• Negative Sentiment: Ad product test underwhelms — Amazon’s new chatbot‑embedded ads reportedly showed weak early results, which could slow ad revenue upside if broader rollout is delayed or reworked. Amazon (AMZN) Tests New Chatbot Ads, but Early Results Are Weak
• Negative Sentiment: Key talent loss & bearish research — Reports of a departing AI chip executive and a pessimistic New Street Research forecast add execution and sentiment risk for AMZN’s AI/hardware ambitions. Amazon Just Lost a Key AI Chip Executive. Is That Bad News for AMZN Stock? New Street Research Issues Pessimistic Forecast for Amazon.com NASDAQ: AMZN Stock Price

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. President Capital reduced their target price on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Bank of America dropped their price target on shares of Amazon.com from $303.00 to $286.00 and set a "buy" rating on the stock in a research note on Tuesday, January 27th. Rosenblatt Securities cut their price target on Amazon.com from $305.00 to $296.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Wedbush decreased their price objective on Amazon.com from $340.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Finally, Barclays restated a "buy" rating on shares of Amazon.com in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $286.57.

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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