Sierra Summit Advisors LLC Buys 14,235 Shares of Amazon.com, Inc. $AMZN

Sierra Summit Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,338 shares of the e-commerce giant’s stock after buying an additional 14,235 shares during the quarter. Amazon.com makes up approximately 2.4% of Sierra Summit Advisors LLC’s investment portfolio, making the stock its 9th largest position. Sierra Summit Advisors LLC’s holdings in Amazon.com were worth $16,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bronte Capital Management Pty Ltd. increased its stake in shares of Amazon.com by 2.9% in the 1st quarter. Bronte Capital Management Pty Ltd. now owns 285,739 shares of the e-commerce giant’s stock worth $59,511,000 after acquiring an additional 8,098 shares during the last quarter. General Pension Society PZU Joint Stock Co boosted its position in shares of Amazon.com by 96.2% during the 1st quarter. General Pension Society PZU Joint Stock Co now owns 314,300 shares of the e-commerce giant’s stock valued at $65,459,000 after acquiring an additional 154,128 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Amazon.com by 63.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,463,475 shares of the e-commerce giant’s stock valued at $513,068,000 after purchasing an additional 955,300 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in shares of Amazon.com by 94.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 302,481 shares of the e-commerce giant’s stock valued at $62,998,000 after purchasing an additional 147,231 shares during the period. Finally, Sharp Wealth Advisory LLC increased its position in Amazon.com by 25.2% during the first quarter. Sharp Wealth Advisory LLC now owns 4,584 shares of the e-commerce giant’s stock worth $955,000 after purchasing an additional 922 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $247.31 on Tuesday. 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 stock has a market capitalization of $2.66 trillion, a P/E ratio of 29.58, a PEG ratio of 1.83 and a beta of 1.46. The company has a 50 day moving average price of $252.68 and a 200 day moving average price of $235.46. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted 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. The firm 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 firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Amazon.com in a report on Tuesday, June 9th. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a research report on Monday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $312.79.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Several commentators argue Amazon’s current valuation looks attractive after the sell-off, with its P/E near multi-year lows and earnings growth still intact. Article Title
• Positive Sentiment: Market coverage highlighted Amazon as one of the hyperscalers positioned to benefit as heavy AI capex eventually translates into stronger free cash flow, improving the long-term risk/reward profile. Article Title
• Positive Sentiment: Amazon’s AI chip strategy drew attention, with a report suggesting Trainium and Inferentia could evolve into a broader external compute business, creating another growth avenue beyond AWS. Article Title
• Positive Sentiment: Analysts and media reports emphasized that Amazon Web Services revenue is accelerating, while AI demand and new business opportunities inside Amazon’s delivery network could support future growth. Article Title
• Neutral Sentiment: Coverage of Amazon joining a broader big-tech AI spending spree underscored the company’s scale and strategic importance, but also reminded investors that capex remains elevated and will pressure near-term free cash flow. Article Title
• Negative Sentiment: One report framed Amazon as a “loser” in the AI infrastructure transfer, arguing hyperscalers are funding chipmakers’ growth while absorbing heavy cash burn themselves. Article Title
• Negative Sentiment: Investors also continued to digest Amazon’s plan to issue $25 billion in new debt to fund AI infrastructure, which may raise concerns about balance-sheet pressure and returns on investment. Article Title

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% 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. In the last three months, insiders have sold 175,274 shares of company stock worth $46,621,204. 8.90% of the stock is owned by corporate insiders.

Amazon.com 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.