Lee Johnson Capital Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 82.7% during the first quarter, HoldingsChannel.com reports. The fund owned 4,933 shares of the e-commerce giant’s stock after selling 23,627 shares during the period. Lee Johnson Capital Management LLC’s holdings in Amazon.com were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tactive Advisors LLC grew its holdings in shares of Amazon.com by 8.4% during the first quarter. Tactive Advisors LLC now owns 21,876 shares of the e-commerce giant’s stock valued at $4,556,000 after purchasing an additional 1,695 shares during the last quarter. Capstone Wealth Management Group LLC boosted its position in Amazon.com by 7.2% during the 4th quarter. Capstone Wealth Management Group LLC now owns 23,407 shares of the e-commerce giant’s stock valued at $5,403,000 after purchasing an additional 1,582 shares during the period. Smith Salley Wealth Management grew its stake in Amazon.com by 2.5% during the 1st quarter. Smith Salley Wealth Management now owns 281,023 shares of the e-commerce giant’s stock worth $58,529,000 after buying an additional 6,966 shares during the last quarter. Petredis Investment Advisors LLC grew its stake in Amazon.com by 0.6% during the 1st quarter. Petredis Investment Advisors LLC now owns 169,551 shares of the e-commerce giant’s stock worth $35,312,000 after buying an additional 1,071 shares during the last quarter. Finally, Southern Capital Advisors LLC increased its position in Amazon.com by 1.0% in the first quarter. Southern Capital Advisors LLC now owns 4,953 shares of the e-commerce giant’s stock worth $1,032,000 after buying an additional 51 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on AMZN shares. Mizuho raised their target price on Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Monday, June 1st. Morgan Stanley lifted their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Finally, Needham & Company LLC upped their target price on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.78.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon is making a major long-term growth bet by adding another $13 billion to its India investment, bringing planned spending there to $48 billion through 2030 to expand AI, cloud and logistics infrastructure. Amazon to invest additional $13 billion in India
- Positive Sentiment: Prime Day traffic and demand remain a tailwind, with reports showing strong early spending and AI-powered shopping activity supporting the case for a near-term revenue beat. US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
- Positive Sentiment: Amazon is also getting support from investors and analysts, including hedge-fund buying and reiterated buy ratings, which signal continued confidence in AWS, advertising and long-term growth. Amazon (AMZN) Stock: Why These Hedge Fund Heavyweights Are Piling In
- Neutral Sentiment: Amazon’s eero unit gained attention after Kinetic launched AlwaysOn Wi?Fi powered by eero Signal, a partnership that reinforces Amazon’s ecosystem but is unlikely to move AMZN materially on its own. Kinetic Launches AlwaysOn Wi-Fi Powered by eero Signal
- Neutral Sentiment: Amazon also continued to win attention for new AI and cloud integrations, including Bedrock ecosystem expansion and third-party product integrations, which support the AWS growth narrative but are incremental rather than immediate catalysts.
- Negative Sentiment: European regulators said Amazon Web Services may face stricter “gatekeeper” rules under the Digital Markets Act, raising the risk of more compliance costs and possible operating restrictions for AWS in Europe. Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
- Negative Sentiment: Several reports said AMZN broke below a key technical level and is trading weakly versus the broader market, suggesting the recent pullback may be driven by chart pressure and profit-taking. Amazon Stock Slips Below Key Level On Rough Day For Cloud Hyperscaler Stocks
Amazon.com Price Performance
Shares of AMZN opened at $227.01 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The stock’s fifty day moving average is $255.85 and its 200-day moving average is $234.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.75 and a beta of 1.44.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 2,363 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,427,876.40. This represents a 1.93% decrease in their position. The sale was disclosed in a legal 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 Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $266.19, for a total transaction of $266,190.00. Following the completion of the transaction, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at $129,242,432.13. This represents a 0.21% 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. Insiders sold 195,774 shares of company stock worth $51,614,434 in the last three months. Insiders own 8.90% of the company’s stock.
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.
See Also
- Five stocks we like better than Amazon.com
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
