Amazon.com, Inc. $AMZN is Allstate Corp’s 10th Largest Position

Allstate Corp boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 110.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 731,875 shares of the e-commerce giant’s stock after purchasing an additional 384,848 shares during the period. Amazon.com comprises 2.3% of Allstate Corp’s holdings, making the stock its 10th biggest holding. Allstate Corp’s holdings in Amazon.com were worth $168,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MSH Capital Advisors LLC boosted its position in Amazon.com by 48.9% during the fourth quarter. MSH Capital Advisors LLC now owns 18,077 shares of the e-commerce giant’s stock valued at $4,173,000 after purchasing an additional 5,933 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Amazon.com by 3.9% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 42,873 shares of the e-commerce giant’s stock valued at $9,896,000 after acquiring an additional 1,629 shares during the last quarter. Linden Rose Investment LLC acquired a new stake in Amazon.com in the fourth quarter valued at approximately $25,583,000. Fisher Asset Management LLC boosted its stake in Amazon.com by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 33,593,612 shares of the e-commerce giant’s stock valued at $7,754,078,000 after acquiring an additional 489,924 shares in the last quarter. Finally, Choate Investment Advisors grew its holdings in Amazon.com by 1.1% in the fourth quarter. Choate Investment Advisors now owns 474,367 shares of the e-commerce giant’s stock worth $109,493,000 after purchasing an additional 5,008 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,774 shares of company stock worth $51,614,434 in the last 90 days. 8.90% of the stock is owned by insiders.

Amazon.com Trading Down 0.3%

Amazon.com stock opened at $245.22 on Tuesday. 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, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The stock’s 50 day simple moving average is $250.62 and its two-hundred day simple moving average is $233.14. The firm has a market cap of $2.64 trillion, a PE ratio of 29.33, a P/E/G ratio of 1.84 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results 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 net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the business earned $1.59 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon signed a multibillion-dollar deal with Corning to supply optical fiber, cable, and connectivity products for its rapidly expanding U.S. AI data centers, reinforcing demand tied to AWS and the company’s infrastructure buildout. Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
• Positive Sentiment: The FCC gave Amazon Leo more flexibility on its satellite deployment timeline, easing execution pressure as Amazon races to build a Starlink competitor and expand its satellite internet ambitions. FCC gives Amazon Leo more leeway on its satellite deployment schedule
• Positive Sentiment: Amazon rolled out an Alexa AI shopping feature that lets U.S. customers create custom designs for print-on-demand products, adding another AI-driven consumer use case and potential commerce revenue stream. Amazon Deploys Alexa AI to Disrupt Print-on-Demand Market
• Positive Sentiment: Several articles highlighted Amazon as a favored AI and megacap stock, with investor commentary pointing to strong long-term fundamentals and continued cloud-led growth. Is Amazon Stock a Buy Right Now?
• Neutral Sentiment: Amazon’s Twitch CEO argued that live streaming offers more human connection than traditional social media; interesting for the platform, but not likely a major stock mover on its own. Twitch CEO: Social media has become ‘anti-social’ and can’t match the shared, human connection of live streaming
• Negative Sentiment: A report from Paubox claimed Amazon SES could expose protected health information in plaintext if encryption fails, which could raise reputational and compliance concerns if the issue gains traction. Amazon Says SES Requires TLS 1.2. Paubox Testing Shows It Doesn’t.
• Negative Sentiment: The company continues to spend heavily on AI, data centers, satellites, and logistics, which supports long-term growth but can weigh on near-term sentiment if investors focus on capital intensity and returns. Amazon’s (AMZN) AI Spending Boom Is Creating a New Investor Debate

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. JPMorgan Chase & Co. upped their price target on Amazon.com from $280.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. President Capital dropped their price target on Amazon.com from $320.00 to $296.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Morgan Stanley upped their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, TD Securities raised shares of Amazon.com to a “buy” rating in a report on Monday, April 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.52.

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.