SageGuard Financial Group LLC Purchases New Position in Amazon.com, Inc. $AMZN

SageGuard Financial Group LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 96,952 shares of the e-commerce giant’s stock, valued at approximately $22,378,000. Amazon.com accounts for approximately 3.6% of SageGuard Financial Group LLC’s holdings, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. State Street Corp increased its position in shares of Amazon.com by 2.0% during the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after buying an additional 7,584,156 shares during the period. Geode Capital Management LLC increased its position in shares of Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after buying an additional 3,721,658 shares during the period. Norges Bank purchased a new stake in Amazon.com in the second quarter worth about $27,438,011,000. Finally, Northern Trust Corp grew its holdings in Amazon.com by 0.3% in the first 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 period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Thursday, April 30th. Rothschild & Co Redburn set a $230.00 price objective on shares of Amazon.com in a report on Wednesday, January 21st. Truist Financial upped their price objective on shares of Amazon.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wedbush cut their price objective on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Needham & Company LLC upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.09.

Amazon.com News Summary

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 Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer owned 471,361 shares in the company, valued at $129,624,275. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the sale, the director owned 74,948 shares in the company, valued at approximately $20,462,302.96. The trade was 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. In the last ninety days, insiders have sold 191,593 shares of company stock worth $46,289,241. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Trading Down 0.0%

NASDAQ:AMZN opened at $272.62 on Monday. The company’s 50 day moving average price is $227.55 and its 200-day moving average price is $228.72. Amazon.com, Inc. has a 52 week low of $191.16 and a 52 week high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.93 trillion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.04 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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 for the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.72 earnings per share for the current fiscal 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.