Amazon.com, Inc. $AMZN Shares Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,673 shares of the e-commerce giant’s stock after purchasing an additional 2,171 shares during the period. Amazon.com makes up approximately 2.9% of Red Door Wealth Management LLC’s holdings, making the stock its 7th biggest position. Red Door Wealth Management LLC’s holdings in Amazon.com were worth $27,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co grew its holdings in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its position in shares of Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. raised its stake in shares of Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMZN shares. Oppenheimer lifted their price target on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Maxim Group increased their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. TD Securities raised shares of Amazon.com to a “buy” rating in a report on Monday, April 13th. TD Cowen reiterated a “buy” rating and set a $350.00 target price on shares of Amazon.com in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $313.00 target price (up from $312.00) on shares of Amazon.com in a research note on Thursday. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.79.

Insider Activity at Amazon.com

In related news, 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 value of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This trade represents a 1.42% 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 sold 195,774 shares of company stock valued at $51,643,704. Insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.87 during midday trading on Tuesday, reaching $247.03. The company’s stock had a trading volume of 5,884,606 shares, compared to its average volume of 50,336,535. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a market capitalization of $2.66 trillion, a P/E ratio of 29.49, a P/E/G ratio of 1.81 and a beta of 1.46. 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 business’s fifty day simple moving average is $254.57 and its 200-day simple moving average is $234.65.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Reuters reported that Amazon is looking to raise at least $25 billion through a U.S. dollar bond sale to help fund its large AI investments, signaling continued commitment to expanding its cloud and AI infrastructure. Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
• Positive Sentiment: Amazon Web Services is accelerating its custom chip strategy, with reports saying AWS is pushing Trainium 3 production higher and reserving most of the new capacity for enterprise customers, which could support future margin expansion. Amazon Could be On the Cusp of Reshaping the Artificial Intelligence (AI) Chip Market. Should Nvidia Investors be Worried?
• Positive Sentiment: AWS is also reported to be investing $1 billion in forward-deployed engineers, a move that could deepen customer relationships and strengthen Amazon’s enterprise AI push. Amazon Follows Palantir’s Playbook: How Forward Deployed Engineers Target the Enterprise AI Gold Rush
• Positive Sentiment: Reuters said fresh food offerings are boosting demand for Amazon’s 15-minute delivery service in Brazil, and the company is expanding its product selection there by 15%, showing traction in international quick-commerce. Fresh foods boost Amazon Now demand in Brazil, executive says
• Positive Sentiment: Multiple articles highlighted Amazon as a likely beneficiary of Anthropic’s growth and any future IPO, reinforcing the value of Amazon’s AI investments and strategic stake. Forget the Anthropic IPO: These 2 Stocks Could Benefit First
• Neutral Sentiment: Several commentary pieces discussed Amazon’s valuation, Prime Day, and whether the stock is attractive after its recent pullback, but these were more opinion-driven than new company-specific catalysts. Should Investors Buy Amazon Stock Instead of Walmart?
• Negative Sentiment: One article noted that Amazon has fallen about 13% over the past month, reflecting ongoing investor concern around near-term performance and possibly heavier spending. Down 13% in 1 Month, Is Amazon a Buy, or Is the Worst Still to Come?
• Negative Sentiment: There is also some market chatter about increased competition in e-commerce and delivery, including reports of rival low-price shopping platforms and retailer promotions, which could pressure Amazon’s retail business. Chu Hai Bang (Shenzhen) Technology Co., Ltd. Launches Vibeperk Global Low-Price Shopping Mall…

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.