Maxi Investments CY Ltd Purchases 97,354 Shares of Amazon.com, Inc. $AMZN

Maxi Investments CY Ltd lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 186.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 149,506 shares of the e-commerce giant’s stock after purchasing an additional 97,354 shares during the period. Amazon.com makes up approximately 6.3% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 3rd biggest holding. Maxi Investments CY Ltd’s holdings in Amazon.com were worth $34,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Coston McIsaac & Partners raised its position in shares of Amazon.com by 9.2% in the 4th quarter. Coston McIsaac & Partners now owns 2,968 shares of the e-commerce giant’s stock valued at $683,000 after acquiring an additional 250 shares during the period. Diversify Wealth Management LLC raised its position in shares of Amazon.com by 3.4% in the 4th quarter. Diversify Wealth Management LLC now owns 112,711 shares of the e-commerce giant’s stock valued at $27,344,000 after acquiring an additional 3,747 shares during the period. Vantage Financial Partners LLC raised its position in shares of Amazon.com by 3.7% in the 4th quarter. Vantage Financial Partners LLC now owns 6,549 shares of the e-commerce giant’s stock valued at $1,512,000 after acquiring an additional 236 shares during the period. Climber Capital SA acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $249,000. Finally, Luken Investment Analytics LLC raised its holdings in Amazon.com by 6.0% during the 4th quarter. Luken Investment Analytics LLC now owns 5,158 shares of the e-commerce giant’s stock worth $1,191,000 after buying an additional 292 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s 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 directly owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock valued at $51,552,494 over the last three months. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $270.64 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month 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 firm’s 50 day moving average is $245.38 and its 200-day moving average is $232.61. The company has a market capitalization of $2.91 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same period last year, the business earned $1.59 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Equities research analysts anticipate 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: Truist raised its price target on Amazon and reiterated a buy rating, signaling confidence that the stock still has room to climb from current levels.
• Positive Sentiment: Amazon’s investment in Anthropic is drawing attention after the AI startup’s valuation surged, with several reports noting that Amazon benefits as Anthropic grows and that the relationship could become an increasingly valuable long-term asset for AWS.
• Positive Sentiment: Snowflake’s $6 billion AWS commitment and strong earnings have highlighted continued enterprise demand for Amazon Web Services, supporting the view that Amazon’s cloud business remains a key growth engine.
• Positive Sentiment: Multiple stories emphasized Amazon’s AI momentum, including AWS’s fastest growth in 15 quarters and plans to expand Bedrock with more advanced model offerings, reinforcing expectations that AI will keep driving revenue and margin expansion.
• Positive Sentiment: Prominent investors and commentators, including Cathie Wood and Jim Cramer, were cited as bullish on Amazon, which can help sentiment around the stock. Article: Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
• Neutral Sentiment: Amazon shut down an internal AI leaderboard after employees exaggerated usage scores, a sign the company is trying to control AI spending and improve discipline rather than a direct business setback. Article: Amazon says it shut down a token leaderboard: ‘Don’t use AI just to use AI’
• Neutral Sentiment: Coverage around Amazon nearing the $3 trillion market-cap milestone and outperforming since earnings is supportive, but it mostly reflects momentum already built into the stock rather than a new catalyst.
• Negative Sentiment: Australia’s competition regulator sued Amazon’s local unit over children’s backpacks lacking required battery warning labels, adding a regulatory overhang.
• Negative Sentiment: Blue Origin’s rocket explosion created a negative headline for Jeff Bezos’s broader empire, though the direct impact on Amazon is limited.
• Negative Sentiment: Some commentary also raised concerns about rising AI capital spending and margin pressure, which could matter if Amazon’s infrastructure buildout accelerates faster than monetization.

Analyst Ratings Changes

Several analysts have commented on the stock. Canaccord Genuity Group raised their target price on shares of Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Bank of America raised their target price on shares of Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wolfe Research restated an “outperform” rating and set a $320.00 target price (up from $245.00) on shares of Amazon.com in a report on Thursday, April 30th. Maxim Group raised their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, TD Securities upgraded shares of Amazon.com to a “buy” rating in a report on Monday, April 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $312.83.

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.