Amazon.com, Inc. $AMZN is Costello Asset Management INC’s Largest Position

Costello Asset Management INC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,171 shares of the e-commerce giant’s stock after purchasing an additional 2,534 shares during the quarter. Amazon.com comprises approximately 8.6% of Costello Asset Management INC’s investment portfolio, making the stock its biggest holding. Costello Asset Management INC’s holdings in Amazon.com were worth $26,122,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Capital City Trust Co. FL lifted its holdings in shares of Amazon.com by 1.1% during the 4th quarter. Capital City Trust Co. FL now owns 53,788 shares of the e-commerce giant’s stock valued at $12,415,000 after purchasing an additional 568 shares during the last quarter. Lighthouse Financial Services Inc. ADV purchased a new position in Amazon.com during the 4th quarter worth $4,861,000. Pearl Planning LLC acquired a new position in Amazon.com during the 4th quarter valued at about $268,000. Indie Asset Partners LLC boosted its holdings in Amazon.com by 29.8% in the fourth quarter. Indie Asset Partners LLC now owns 6,625 shares of the e-commerce giant’s stock worth $1,529,000 after acquiring an additional 1,520 shares in the last quarter. Finally, BHK Investment Advisors LLC boosted its holdings in Amazon.com by 1.9% in the fourth quarter. BHK Investment Advisors LLC now owns 6,987 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 130 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AMZN shares. BNP Paribas Exane upped their price objective on shares of Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Susquehanna reissued a “positive” rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Argus restated a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Guggenheim reaffirmed a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, BMO Capital Markets lifted their price objective on shares of Amazon.com from $310.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $312.83.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,370 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.39, for a total transaction of $1,671,424.30. Following the completion of the transaction, the chief executive officer directly owned 486,527 shares of the company’s stock, valued at $127,659,819.53. The trade was a 1.29% decrease in their position. 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. Insiders sold a total of 194,774 shares of company stock valued at $51,348,244 in the last three months. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $270.64 on Monday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The stock has a market cap of $2.91 trillion, a P/E ratio of 32.37, a P/E/G ratio of 2.03 and a beta of 1.45. The stock has a 50 day moving average of $245.38 and a 200 day moving average of $232.50. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Truist raised its price target on Amazon and reiterated a buy rating, signaling confidence that the stock still has room to climb from current levels.
• Positive Sentiment: Amazon’s investment in Anthropic is drawing attention after the AI startup’s valuation surged, with several reports noting that Amazon benefits as Anthropic grows and that the relationship could become an increasingly valuable long-term asset for AWS.
• Positive Sentiment: Snowflake’s $6 billion AWS commitment and strong earnings have highlighted continued enterprise demand for Amazon Web Services, supporting the view that Amazon’s cloud business remains a key growth engine.
• Positive Sentiment: Multiple stories emphasized Amazon’s AI momentum, including AWS’s fastest growth in 15 quarters and plans to expand Bedrock with more advanced model offerings, reinforcing expectations that AI will keep driving revenue and margin expansion.
• Positive Sentiment: Prominent investors and commentators, including Cathie Wood and Jim Cramer, were cited as bullish on Amazon, which can help sentiment around the stock. Article: Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
• Neutral Sentiment: Amazon shut down an internal AI leaderboard after employees exaggerated usage scores, a sign the company is trying to control AI spending and improve discipline rather than a direct business setback. Article: Amazon says it shut down a token leaderboard: ‘Don’t use AI just to use AI’
• Neutral Sentiment: Coverage around Amazon nearing the $3 trillion market-cap milestone and outperforming since earnings is supportive, but it mostly reflects momentum already built into the stock rather than a new catalyst.
• Negative Sentiment: Australia’s competition regulator sued Amazon’s local unit over children’s backpacks lacking required battery warning labels, adding a regulatory overhang.
• Negative Sentiment: Blue Origin’s rocket explosion created a negative headline for Jeff Bezos’s broader empire, though the direct impact on Amazon is limited.
• Negative Sentiment: Some commentary also raised concerns about rising AI capital spending and margin pressure, which could matter if Amazon’s infrastructure buildout accelerates faster than monetization.

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.