Baker Avenue Asset Management LP Has $73.45 Million Stock Holdings in Amazon.com, Inc. $AMZN

Baker Avenue Asset Management LP grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 318,212 shares of the e-commerce giant’s stock after buying an additional 26,939 shares during the quarter. Amazon.com accounts for approximately 1.7% of Baker Avenue Asset Management LP’s portfolio, making the stock its 15th biggest position. Baker Avenue Asset Management LP’s holdings in Amazon.com were worth $73,450,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. State Street Corp raised its holdings in Amazon.com by 2.0% during the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock worth $83,805,794,000 after buying an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC increased its holdings in Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after purchasing an additional 2,479,324 shares in the last quarter. Norges Bank purchased a new stake in shares of Amazon.com in the second quarter worth approximately $27,438,011,000. Finally, Northern Trust Corp raised its stake in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: Amazon continues to expand its AI and cloud infrastructure, including a multibillion-dollar fiber-optic agreement with Corning to support U.S. data center buildout, which reinforces long-term growth opportunities for AWS and AI services.
• Positive Sentiment: Analysts remain upbeat on AMZN, with recent Buy/Outperform reiterations and price targets above current levels, suggesting Wall Street sees the pullback as a potential entry point rather than a fundamental problem.
• Positive Sentiment: Amazon also announced new partnerships and product initiatives, including Amazon One Medical’s collaboration with Baptist Health in South Florida and AI-powered warehouse robotics, both of which support its broader ecosystem and automation strategy.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at $31,427,876.40. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 195,774 shares of company stock valued at $51,614,434. Insiders own 8.90% of the company’s stock.

Amazon.com Stock Down 0.4%

Shares of AMZN opened at $244.19 on Wednesday. The firm has a market cap of $2.63 trillion, a P/E ratio of 29.21, a P/E/G ratio of 1.84 and a beta of 1.44. The stock has a 50 day simple moving average of $251.52 and a two-hundred day simple moving average of $233.29. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (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 business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Wolfe Research reiterated an “outperform” rating and issued a $320.00 target price (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Daiwa Securities Group reduced their price objective on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley lifted their target price on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Susquehanna restated a “positive” rating and set a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, President Capital decreased their target price on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.52.

Amazon.com 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.