Alberta Investment Management Corp Acquires 8,460 Shares of Amazon.com, Inc. $AMZN

Alberta Investment Management Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 167,500 shares of the e-commerce giant’s stock after acquiring an additional 8,460 shares during the quarter. Alberta Investment Management Corp’s holdings in Amazon.com were worth $38,662,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. MilWealth Group LLC boosted its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares during the period. Fairway Wealth LLC increased its stake in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 108 shares during the period. Prudent Man Investment Management Inc. increased its stake in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 107 shares during the period. Bridge Generations Wealth Management LLC boosted its position in Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 233 shares during the period. Finally, Cooksen Wealth LLC grew its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Truist Financial raised their target price on Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, Morgan Stanley boosted their target price on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.78.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. This represents a 52.21% 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 sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is owned by corporate insiders.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon Web Services is expanding its AI and cloud ecosystem, including a new collaboration that brings Dun & Bradstreet’s Commercial Graph into Amazon Quick to improve AI-driven sales, marketing, and finance workflows.
• Positive Sentiment: Amazon’s long-term growth story is being reinforced by continued AI infrastructure spending, including a multi-billion-dollar data center expansion in Missouri and broader capex plans that signal confidence in AWS demand.
• Positive Sentiment: Royal Bank of Canada reaffirmed its Buy rating on Amazon, and other recent commentary highlights Wall Street’s bullish view with significant upside still implied for AMZN.
• Positive Sentiment: Analysts and investors continue to point to Amazon’s strong fundamentals, including its recent earnings beat, solid revenue growth, and improving profitability, as reasons the stock can keep outperforming over time.
• Neutral Sentiment: Amazon is also getting attention from the space-investing theme, as some market commentary argues its Project Leo satellite network could become a long-term growth opportunity, though it is still early-stage and not a near-term earnings driver.
• Negative Sentiment: Reports say the FTC has drafted a complaint against Amazon over alleged misleading ad pricing and disclosures, which could lead to a lawsuit, settlement, or billions of dollars in civil penalties.
• Negative Sentiment: Some investor commentary also notes that Amazon has faced pressure from higher AI and infrastructure spending, which can weigh on near-term margins even if it supports longer-term growth.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $246.00 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.65 trillion, a P/E ratio of 29.43, a PEG ratio of 1.84 and a beta of 1.44. The company has a 50 day moving average of $254.94 and a 200 day moving average of $233.91. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56.

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