Vest Financial LLC Has $35.60 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Vest Financial LLC increased its Amazon stake by 21.5% in the fourth quarter, buying 27,335 additional shares and lifting its position to 154,211 shares worth about $35.6 million.
• Several other institutional investors also boosted or initiated positions in Amazon, and institutions now own 72.20% of the company’s stock, indicating continued broad professional interest.
• Amazon delivered a strong quarterly report, posting $2.78 EPS versus $1.63 expected and revenue of $181.52 billion, while analysts remain largely bullish with a consensus Moderate Buy rating and an average price target of $312.66.

Vest Financial LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,211 shares of the e-commerce giant's stock after purchasing an additional 27,335 shares during the quarter. Vest Financial LLC's holdings in Amazon.com were worth $35,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC boosted its stake in shares of Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock valued at $1,774,000 after buying an additional 3,152 shares during the period. Compagnie Lombard Odier SCmA bought a new stake in shares of Amazon.com in the third quarter valued at approximately $451,642,000. Weaver Capital Management LLC boosted its stake in shares of Amazon.com by 13.6% in the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after buying an additional 4,713 shares during the period. Ethos Financial Group LLC boosted its stake in shares of Amazon.com by 9.6% in the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after buying an additional 3,196 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Amazon.com by 1.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock valued at $52,667,000 after buying an additional 4,558 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares in the company, valued at approximately $598,335,650. This represents a 1.42% decrease in their position. The sale was disclosed in a legal 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, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares of the company's stock, valued at $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 201,026 shares of company stock valued at $49,128,874 over the last quarter. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and issued a $315.00 price target (up from $260.00) on shares of Amazon.com in a research note on Thursday, April 30th. Moffett Nathanson boosted 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. BMO Capital Markets boosted their price target on Amazon.com from $310.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Canaccord Genuity Group boosted their price target on Amazon.com from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Bank of America boosted their price target on Amazon.com from $298.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $312.66.

Amazon.com Stock Up 2.2%

NASDAQ AMZN opened at $265.01 on Thursday. The business has a fifty day moving average price of $237.34 and a two-hundred day moving average price of $231.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The stock has a market capitalization of $2.85 trillion, a PE ratio of 31.70, a PEG ratio of 1.94 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $177.28 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The company's quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: Evercore ISI’s Mark Mahaney reiterated a Buy rating on Amazon and raised his outlook tied to the company’s growing spectrum and “Leo” connectivity opportunities, signaling more upside potential. Article: Mark Mahaney Reiterates Buy on Amazon
• Positive Sentiment: Multiple articles pointed to AWS strength, with recent commentary saying Amazon’s cloud business is benefiting from AI demand and stronger-than-expected growth, helping reinforce the bullish valuation case. Article: Is Amazon.com One Of The Best Cloud Stocks To Buy As Azure Growth Hits 40%?
• Positive Sentiment: Analysts continue to frame Amazon as an underappreciated AI winner, with bullish notes on AWS, Trainium chips, and enterprise partnerships suggesting durable upside from cloud monetization. Article: Amazon Stock Falls despite Surge in Trainium AI Chip Demand
• Neutral Sentiment: CEO Douglas Herrington sold shares in a pre-arranged 10b5-1 plan, and another executive sale from Matthew Garman also drew attention, but these transactions do not appear to signal a change in Amazon’s operating outlook. SEC filing for Douglas J. Herrington sale
• Neutral Sentiment: Amazon also won an appeals-court case over allegations it helped with tariff evasion, removing a legal overhang and reducing near-term uncertainty. Article: Amazon.com defeats appeal claiming it aided tariff evasion
• Negative Sentiment: Offsetting the positive headlines, Amazon is still facing a class-action lawsuit tied to tariff-related pricing, which could create legal and reputational noise for investors. Article: Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.