Parnassus Investments LLC Cuts Holdings in Amazon.com, Inc. $AMZN

Parnassus Investments LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,887,228 shares of the e-commerce giant’s stock after selling 2,082,896 shares during the quarter. Amazon.com comprises 4.7% of Parnassus Investments LLC’s investment portfolio, making the stock its 3rd largest position. Parnassus Investments LLC’s holdings in Amazon.com were worth $1,820,530,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE boosted its position in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. TD Cowen reaffirmed a “buy” rating and issued a $350.00 price target on shares of Amazon.com in a research note on Tuesday, May 12th. Bank of America upped their price target on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $320.00 price target (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Guggenheim reaffirmed a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, China Renaissance upped their price target on Amazon.com from $300.00 to $326.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $312.78.

Amazon.com Trading Up 1.5%

Amazon.com stock opened at $241.51 on Friday. 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 business’s fifty day simple moving average is $252.93 and its two-hundred day simple moving average is $233.59. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS 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 business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 195,774 shares of company stock valued at $51,614,434. Company insiders own 8.90% of the company’s stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon launched AI image search in its Shopping app, adding a more intuitive product-discovery tool that could improve conversion rates and engagement. Amazon Adds AI Image Search to Its Shopping App
• Positive Sentiment: Amazon officially expanded its less-than-truckload freight service to all U.S. businesses, signaling a bigger push into logistics and a potential new revenue stream. Amazon Positions Logistics as AI Shopping’s Ultimate Moat
• Positive Sentiment: Amazon added another $17.5 billion credit facility, giving it more flexibility to keep funding AI infrastructure, cloud capacity, and other strategic investments. Amazon secures $17.5 billion loan facility amid AI-driven capex ramp
• Positive Sentiment: Analysts remain constructive, with one report lifting FY2027 EPS estimates and BMO naming Amazon one of its top AI picks, supporting the bull case on earnings power. Amazon (AMZN) Ascends But Remains Behind Market: Some Facts to Note
• Neutral Sentiment: Amazon and InterDigital reached a patent license agreement covering Amazon’s services and devices, resolving litigation; this removes some legal uncertainty, but the financial impact appears limited. InterDigital Enters Patent License Agreement with Amazon for Video Services and Devices
• Neutral Sentiment: Recent commentary also points to a stock pullback over the past month, but argues the valuation is becoming more attractive for long-term investors. Amazon Stock Is Down Over 10% in a Month. Start Small and Buy AMZN on the Dip Here.
• Negative Sentiment: Some articles highlighted concerns that Amazon’s heavy AI spending and broader hyperscaler capex race could pressure margins and raise questions about returns on investment. Wall Street’s $800 Billion AI Data Center Bet Is Showing Cracks

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.