Villere ST Denis J & Co. LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,903 shares of the e-commerce giant’s stock after selling 7,744 shares during the quarter. Amazon.com accounts for approximately 3.8% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 3rd largest position. Villere ST Denis J & Co. LLC’s holdings in Amazon.com were worth $38,294,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE lifted its holdings in shares of Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $2,153,000. Institutional investors own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AMZN shares. Argus reissued a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. Morgan Stanley increased their target price on shares of Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Scotiabank reissued an “outperform” rating and issued a $325.00 target price (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Maxim Group increased 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. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $313.09.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon is expanding its new “Amazon Now” service, offering 30-minute delivery in dozens of U.S. cities. That strengthens its competitive position in quick commerce and could support higher customer engagement and order frequency. Amazon cranks up 30-minute delivery in major U.S. cities
- Positive Sentiment: Several reports highlight Amazon’s continued push into AI infrastructure and cloud spending, including plans to tap global debt markets to fund that buildout. Investors may see this as a long-term growth catalyst for AWS and Amazon’s AI capabilities. Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
- Positive Sentiment: TD Cowen reiterated a Buy rating on Amazon and raised its price target to $350, reinforcing Wall Street’s bullish view after Amazon’s strong recent earnings and revenue growth. Amazon.com had its buy rating reaffirmed by TD Cowen
- Positive Sentiment: Amazon’s Prime Video plans to invest 90 million euros in French film and TV production, adding another sign that the company is building out its entertainment and advertising ecosystem. Amazon.com’s Prime Video Set to Invest 90 Million Euros in French Film and TV Production
- Neutral Sentiment: Some articles note that large institutional investors trimmed Amazon holdings, which may reflect portfolio rebalancing rather than a fundamental change in the company’s outlook. Vulcan Value Partners cuts Amazon stake, sells 164,067 shares
- Negative Sentiment: Sen. Elizabeth Warren is pressing regulators to examine whether AI data centers run by Amazon and peers are pushing electricity costs higher for households, which could increase political and regulatory scrutiny around Amazon’s AI expansion. Elizabeth Warren Targets Amazon, Google, Microsoft And Meta
- Negative Sentiment: There are also reports that some Amazon employees are using internal AI tools for trivial tasks to boost usage metrics, which could raise questions about internal efficiency and AI adoption quality. Andy Jassy Just Said Something Big: Here’s What It Means for Amazon’s Stock
Amazon.com Stock Performance
Amazon.com stock opened at $265.82 on Wednesday. The business has a 50 day moving average of $231.12 and a 200-day moving average of $229.78. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market capitalization of $2.86 trillion, a P/E ratio of 31.80, a P/E/G ratio of 2.01 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 7.72 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 31,352 shares of the company’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 $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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 190,593 shares of company stock worth $46,081,241. 8.90% of the stock is owned by corporate insiders.
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.
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