First Horizon Corp Invests $23.46 Million in Amazon.com, Inc. $AMZN

First Horizon Corp bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, Holdings Channel.com reports. The firm bought 106,857 shares of the e-commerce giant’s stock, valued at approximately $23,463,000. Amazon.com makes up about 1.1% of First Horizon Corp’s holdings, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Barlow Wealth Partners Inc. boosted its stake in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after buying an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. raised its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares during the period. IMPACTfolio LLC boosted its position in shares of Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after acquiring an additional 45 shares during the last quarter. Finally, Union Savings Bank grew its holdings in shares of Amazon.com by 0.4% in the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Analyst upgrade — Oppenheimer raised its price target (to $315) and kept an outperform rating, supporting upside expectations for AMZN. Oppenheimer price target raise
• Positive Sentiment: Cost reduction & refocus — Amazon announced ~16,000 additional corporate job cuts (second round) intended to reduce bureaucracy and reallocate spend toward AI/data-center buildout; the market has cheered potential near-term margin relief. Reuters: Amazon cuts 16,000 jobs
• Neutral Sentiment: Grocery/retail pivot — Amazon is closing Amazon Fresh and Amazon Go stores and shifting focus to online grocery delivery and expanding Whole Foods conversions; this reduces ongoing retail losses but leaves execution and competitiveness vs. Walmart/Instacart in focus. Forbes: Amazon shifts grocery focus
• Neutral Sentiment: Legal settlement finalized — Amazon agreed to a roughly $309M consumer returns-settlement (already disclosed), a modest one-time cash hit relative to AMZN’s size. TechCrunch: $309M settlement
• Negative Sentiment: Execution and morale risk — a premature internal email leaked planned layoffs, highlighting communication missteps; repeated mass cuts (30k total since October) raise concerns about disruption, talent loss and uncertainty around AI execution. Reuters: misfired internal email
• Negative Sentiment: Product/experiment pullbacks — Amazon is winding down Amazon One (palm ID) and several physical-retail experiments, which signals failed initiatives and narrows future growth vectors in physical retail. Business Insider: Amazon One shutdown

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. Arete Research lifted their price target on shares of Amazon.com from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Benchmark upped their price objective on Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus set a $300.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday. Finally, Redburn Partners set a $230.00 target price on Amazon.com in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.91.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 79,734 shares of company stock valued at $18,534,017. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.7%

NASDAQ AMZN opened at $243.01 on Thursday. The firm has a 50 day simple moving average of $232.64 and a 200-day simple moving average of $229.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The firm has a market cap of $2.60 trillion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.