Ibex Wealth Advisors Raises Stock Holdings in Amazon.com, Inc. $AMZN

Ibex Wealth Advisors grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,325 shares of the e-commerce giant’s stock after acquiring an additional 3,648 shares during the period. Amazon.com comprises 1.6% of Ibex Wealth Advisors’ portfolio, making the stock its 16th largest position. Ibex Wealth Advisors’ holdings in Amazon.com were worth $17,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after buying an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new stake in Amazon.com in the fourth quarter worth $45,000. Elkhorn Partners Limited Partnership grew its position in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the last quarter. Fairway Wealth LLC grew its holdings in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. boosted its position in shares of Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. Wedbush began coverage on Amazon.com in a report on Thursday, July 16th. They issued an “outperform” rating and a $293.00 price objective for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Maxim Group increased their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 30th. China Renaissance raised their price objective on Amazon.com from $300.00 to $326.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, May 1st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.76.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. This represents a 52.21% 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. In the last 90 days, insiders sold 144,274 shares of company stock valued at $38,716,204. Corporate insiders own 8.90% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: Several articles highlighted Amazon’s AI buildout, including strong demand for its Trainium chips and a large AWS backlog, reinforcing the view that Amazon’s capex may translate into future earnings power. What Is Going on With Amazon Stock on Monday?
• Positive Sentiment: Analysts are increasingly optimistic ahead of Amazon’s July 30 earnings report, with expectations for AWS growth to accelerate and retail trends to remain solid, which supports the stock’s move higher. Amazon’s AI Spending Is About to Face Its Most Important AWS Test Yet
• Positive Sentiment: Multiple bullish pieces argued Amazon is undervalued and a “no-brainer” buy because AI infrastructure spending and cloud economics could drive a future margin inflection. Undervalued and Winning the AI Hyperscaler War: 3 Reasons Amazon is a No-Brainer Right Now
• Positive Sentiment: Investor coverage also pointed to continued support from large holders and prominent investors such as Ray Dalio and David Tepper, which can reinforce confidence in AMZN as an AI megacap winner. Billionaire Investor David Tepper’s Top 5 Stocks
• Neutral Sentiment: One article noted Amazon closed another facility and cut nearly 500 jobs, but it appears tied to logistics optimization rather than a major strategic setback. Amazon closes another major facility, nearly 500 workers affected
• Neutral Sentiment: Some commentary questioned Amazon’s free cash flow because of heavy AI capital spending, but these concerns were outweighed today by optimism about future AWS and chip returns. Big Tech Is Minting Mountains of Cash — But Amazon’s Is Vanishing

Amazon.com Stock Performance

Shares of AMZN stock opened at $249.99 on Tuesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The company’s 50 day moving average is $250.45 and its 200 day moving average is $236.08. The firm has a market cap of $2.69 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.84 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.75 EPS 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.