Amazon.com, Inc. $AMZN Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,330,770 shares of the e-commerce giant’s stock after selling 210,959 shares during the quarter. Amazon.com comprises approximately 2.2% of Westfield Capital Management Co. LP’s holdings, making the stock its 7th largest position. Westfield Capital Management Co. LP’s holdings in Amazon.com were worth $537,988,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $32,868,735,000. Nuveen LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $11,674,091,000. Laurel Wealth Advisors LLC increased its holdings in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after buying an additional 12,122,668 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Amazon.com by 11.3% during the 3rd quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant’s stock worth $20,702,362,000 after buying an additional 9,583,217 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $238.00 on Thursday. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The stock has a market capitalization of $2.56 trillion, a PE ratio of 28.47, a P/E/G ratio of 1.83 and a beta of 1.44. The firm has a 50 day moving average of $252.26 and a two-hundred day moving average of $233.44.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS 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 company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter last year, the company posted $1.59 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred 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 owned 471,361 shares of the company’s stock, valued at $129,624,275. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This represents a 18.37% decrease in their position. 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. Over the last 90 days, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMZN shares. Canaccord Genuity Group raised their price target 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. Barclays reiterated an “overweight” rating on shares of Amazon.com in a report on Tuesday. KeyCorp lifted their target price on shares of Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Arete Research lifted their target price on shares of Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Oppenheimer lifted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $312.78.

Key Amazon.com News

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

• Positive Sentiment: Analysts remain constructive on Amazon, with Erste Group slightly raising FY2027 EPS estimates and BMO reportedly naming Amazon a top AI pick, supporting the long-term earnings outlook. Article Title
• Positive Sentiment: Amazon is deepening its AI ecosystem through partnerships and product rollouts, including a multi-billion-dollar fiber optics deal with Corning, a faster Graviton5 CPU for AWS, and participation in Neura Robotics’ $1.4 billion fundraise. Article Title
• Positive Sentiment: Amazon also expanded its less-than-truckload freight service to all U.S. businesses, which could strengthen its logistics network and create a new revenue stream over time. Article Title
• Neutral Sentiment: Amazon continues to attract positive press and consumer exposure through initiatives like Pinterest storefront integration, Amazon One Medical’s South Florida partnership, and promotional content around Prime Day and its “best books” list. Article Title
• Negative Sentiment: Investor concern is centered on margin pressure from AI infrastructure spending and the perception that Amazon’s capex spree may take longer to pay off, especially after recent weak relative performance versus the broader market. Article Title

About Amazon.com

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.