Amazon.com, Inc. $AMZN is Kestra Private Wealth Services LLC’s 3rd Largest Position

Kestra Private Wealth Services LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 783,692 shares of the e-commerce giant’s stock after selling 22,917 shares during the quarter. Amazon.com makes up about 2.2% of Kestra Private Wealth Services LLC’s investment portfolio, making the stock its 3rd largest holding. Kestra Private Wealth Services LLC’s holdings in Amazon.com were worth $180,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lifelong Wealth Advisors Inc. raised its stake in Amazon.com by 2.4% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after buying an additional 41 shares during the last quarter. Financial Connections Group Inc. raised its stake in Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock valued at $376,000 after buying an additional 42 shares during the last quarter. Marquette Asset Management LLC raised its stake in Amazon.com by 5.1% during the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock valued at $205,000 after buying an additional 43 shares during the last quarter. Western Financial Corp CA raised its stake in Amazon.com by 1.5% during the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant’s stock valued at $710,000 after buying an additional 44 shares during the last quarter. Finally, Cadence Wealth Management LLC raised its stake in Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 2.1%

Amazon.com stock opened at $259.32 on Wednesday. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.98 and a beta of 1.46. The stock has a fifty day simple moving average of $236.31 and a two-hundred day simple moving average of $231.15. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. Equities analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 11,475 shares of Amazon.com stock in a transaction on Friday, May 15th. The stock was sold at an average price of $262.66, for a total value of $3,014,023.50. Following the completion of the sale, the chief executive officer owned 11,430 shares of the company’s stock, valued at $3,002,203.80. The trade was a 50.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of Amazon.com stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the sale, the director directly owned 74,948 shares of the company’s stock, valued at $20,462,302.96. The trade was a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 201,026 shares of company stock worth $49,128,874. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $280.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Monness Crespi & Hardt lifted their price objective on Amazon.com from $280.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Wedbush lowered their price objective on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Finally, Tigress Financial lifted their target price on Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued 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 $312.67.

More Amazon.com News

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

• Positive Sentiment: AWS continues to benefit from AI demand, with new interest in Trainium chips and fresh enterprise partnerships such as AVEVA, reinforcing Amazon’s cloud growth story. AVEVA and Amazon Web Services Announce Multi-Year Strategic Collaboration to Accelerate Industrial Intelligence in the Cloud
• Positive Sentiment: Several articles and investor notes described Amazon as an underappreciated AI winner, helping support the stock’s long-term thesis despite short-term volatility. Amazon Might Be the Most Obvious AI Stock Investors Are Missing
• Neutral Sentiment: CEO Matthew S. Garman sold shares under a pre-arranged trading plan, which is usually not a business red flag but can still weigh on investor sentiment. SEC filing for Matthew S. Garman sale
• Neutral Sentiment: Douglas J. Herrington also sold shares in a planned transaction, adding to headlines around insider activity without changing the company’s operating outlook. SEC filing for Douglas J. Herrington sale
• Negative Sentiment: Amazon faces a class-action lawsuit over tariff cost claims, which introduces legal and reputational uncertainty for the retailer. Amazon faces class action over tariff cost claims

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.