Sound Income Strategies LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,901 shares of the e-commerce giant’s stock after acquiring an additional 3,134 shares during the quarter. Sound Income Strategies LLC’s holdings in Amazon.com were worth $13,245,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. lifted its position in Amazon.com by 3.1% during the first quarter. Jamison Private Wealth Management Inc. now owns 66,438 shares of the e-commerce giant’s stock valued at $13,837,000 after purchasing an additional 1,993 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Amazon.com by 3.1% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 347,463 shares of the e-commerce giant’s stock worth $72,366,000 after purchasing an additional 10,502 shares during the period. Blue Capital Inc. raised its stake in Amazon.com by 0.6% during the 1st quarter. Blue Capital Inc. now owns 8,902 shares of the e-commerce giant’s stock valued at $1,854,000 after buying an additional 56 shares during the last quarter. Peregrine Asset Advisers Inc. raised its stake in Amazon.com by 1.6% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 30,808 shares of the e-commerce giant’s stock valued at $6,416,000 after buying an additional 471 shares during the last quarter. Finally, Patten Group Inc. raised its stake in Amazon.com by 13.4% during the 1st quarter. Patten Group Inc. now owns 16,724 shares of the e-commerce giant’s stock valued at $3,483,000 after buying an additional 1,978 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total transaction of $239,770.00. Following the completion of the sale, the chief executive officer owned 484,527 shares in the company, valued at $116,175,038.79. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. 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. 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.
Analysts Set New Price Targets
View Our Latest Research Report on AMZN
Key Headlines Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Several reports highlighted Amazon’s expanding AI/data-center buildout, including plans to increase capacity and a $25 billion bond sale to fund infrastructure, which bulls see as supporting long-term AWS growth. Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
- Positive Sentiment: Analyst coverage remained constructive, with BNP Paribas keeping an Outperform rating and a $345 target, while BofA raised its price target and cited improving sell-through trends for Amazon’s retail business. Amazon’s Valuation Looks Attractive Ahead of Earnings: Analyst
- Positive Sentiment: Articles also framed Amazon as a leading AI winner, noting that hyperscaler spending may be “pre-sold” through future demand and that Amazon’s valuation remains attractive relative to peers. Nervous About AI Spending? Buy the Stocks of These 3 Tech Giants.
- Neutral Sentiment: One story said Amazon is cheaper than Walmart and Costco on a key valuation metric, but the explanation was more about business mix than a clear near-term catalyst. Why Is Amazon so Much Cheaper Than Walmart and Costco? This Is the Only Answer I Can Think of.
- Negative Sentiment: Investors remain wary of Amazon’s heavy capex and rising debt needs, with some coverage warning that free cash flow has been squeezed as the company funds its AI expansion. Huge News for Amazon Stock Investors!
- Negative Sentiment: There were also headlines about Third Point trimming its Amazon stake and commentary about insider selling, which can add to short-term caution. Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $245.34 on Monday. 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 debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The company has a market cap of $2.64 trillion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.83 and a beta of 1.46. The business’s 50 day moving average price is $253.04 and its 200-day moving average price is $235.35.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data 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 return on equity of 19.92% and a net margin of 12.22%.The company 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 posted $1.59 EPS. Amazon.com’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 7.75 earnings per share for the current year.
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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