Pullen Investment Management LLC Purchases New Holdings in Amazon.com, Inc. $AMZN

Pullen Investment Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,003 shares of the e-commerce giant’s stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LVZ Inc. boosted its stake in shares of Amazon.com by 2.0% in the third quarter. LVZ Inc. now owns 13,068 shares of the e-commerce giant’s stock worth $2,869,000 after acquiring an additional 261 shares during the last quarter. Cooper Capital Advisors LLC lifted its holdings in Amazon.com by 3.2% in the 3rd quarter. Cooper Capital Advisors LLC now owns 28,897 shares of the e-commerce giant’s stock valued at $6,345,000 after purchasing an additional 890 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in Amazon.com by 0.5% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 76,287 shares of the e-commerce giant’s stock worth $16,750,000 after purchasing an additional 360 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Amazon.com by 11.9% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 39,944 shares of the e-commerce giant’s stock worth $8,770,000 after buying an additional 4,243 shares in the last quarter. Finally, Eastern Bank raised its position in shares of Amazon.com by 0.9% in the third quarter. Eastern Bank now owns 709,536 shares of the e-commerce giant’s stock valued at $155,793,000 after buying an additional 6,146 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. This trade represents a 11.15% 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 Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 49,561 shares of company stock worth $10,989,862 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $300.00 price target (up from $275.00) on shares of Amazon.com in a research report on Monday, January 5th. TD Cowen restated a “buy” rating on shares of Amazon.com in a report on Tuesday, January 13th. Susquehanna set a $300.00 price target on Amazon.com and gave the company a “positive” rating in a research report on Friday, October 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $301.00 price objective (up previously from $295.00) on shares of Amazon.com in a research report on Monday, January 12th. Finally, Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the company a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $295.91.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $239.30 on Friday. The stock has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business has a 50-day moving average of $233.50 and a 200 day moving average of $229.64. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) 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 business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon is reportedly in talks to invest up to $50 billion in OpenAI — a deal that would deepen Amazon’s AI relationships, drive AWS capacity demand and signal leadership in the AI era; this is being read as a long‑term growth catalyst. Amazon in Talks to Invest Up to $50 Billion in OpenAI
• Positive Sentiment: Analysts and big managers remain supportive — Telsey Advisory reiterated an “outperform” rating with a $300 price target and Tsai Capital highlighted AMZN as a high‑conviction idea, both underpinning bullish investor sentiment. Telsey Reaffirms Outperform on Amazon
• Positive Sentiment: AWS continues to land enterprise deals and collaborations (example: NTT DATA strategic agreement), which supports recurring cloud revenue growth independent of retail cycles. NTT DATA Signs Strategic Collaboration Agreement with AWS
• Neutral Sentiment: Amazon is closing its Go and Fresh physical stores and refocusing grocery around online/Whole Foods — a strategic retrenchment that cuts cash burn but reduces brick‑and‑mortar exposure. Amazon is closing its futuristic Go and Fresh stores
• Neutral Sentiment: Macro/sector context: Microsoft’s post‑earnings pullback highlights hyperscaler valuation sensitivity — investors may reprice capital‑intensive AI buildouts, a theme that affects AMZN too. Microsoft Drops After Earnings—Why the Bull Case Holds
• Negative Sentiment: Amazon announced further mass layoffs (about 16,000 corporate roles total; ~1,400 in Seattle, 700 in Bellevue) — cost savings can boost margins but large cuts raise execution, morale and public‑relations risks. Amazon Job Cuts Deliver Another Blow to Seattle Area’s Tech Workforce
• Negative Sentiment: Reputational/regulatory risk: reports that Amazon’s AI training datasets contained high volumes of illegal/abusive content could prompt compliance costs, scrutiny, or slower AI rollouts. Amazon Stock Falls as AI Training Data Reveals “High Volume” of Child Abuse Content
• Negative Sentiment: Some large investors have trimmed AMZN positions (reports of Viking/other manager selling), and Bank of America recently lowered its price target — signals that institutional positioning may be shifting and could pressure near‑term sentiment. Billionaire Ole Andreas Halvorsen Dumped His Stakes in Nvidia and Amazon Bank of America Lowers Amazon Price Target

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.