Cidel Asset Management Inc. Grows Position in Amazon.com, Inc. $AMZN

Cidel Asset Management Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 335.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,311 shares of the e-commerce giant’s stock after acquiring an additional 89,597 shares during the quarter. Amazon.com comprises about 1.3% of Cidel Asset Management Inc.’s portfolio, making the stock its 25th largest holding. Cidel Asset Management Inc.’s holdings in Amazon.com were worth $24,224,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Cache Advisors LLC increased its holdings in Amazon.com by 14.4% in the 1st quarter. Cache Advisors LLC now owns 134,301 shares of the e-commerce giant’s stock valued at $27,971,000 after acquiring an additional 16,888 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of Amazon.com by 14.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 48,048 shares of the e-commerce giant’s stock valued at $10,007,000 after purchasing an additional 6,131 shares during the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in shares of Amazon.com by 14.2% during the 1st quarter. Guyasuta Investment Advisors Inc. now owns 165,038 shares of the e-commerce giant’s stock valued at $34,372,000 after purchasing an additional 20,498 shares during the last quarter. New Covenant Trust Company N.A. grew its position in shares of Amazon.com by 12.4% during the first quarter. New Covenant Trust Company N.A. now owns 12,459 shares of the e-commerce giant’s stock valued at $2,595,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Coerente Capital Management grew its position in shares of Amazon.com by 1.1% during the first quarter. Coerente Capital Management now owns 138,541 shares of the e-commerce giant’s stock valued at $28,854,000 after purchasing an additional 1,556 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $232.69 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The stock has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The firm’s fifty day simple moving average is $255.53 and its two-hundred day simple moving average is $234.18.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Securities raised Amazon.com to a “buy” rating in a report on Monday, April 13th. Bank of America raised their price target on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Evercore lifted their price objective on Amazon.com from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research report on Monday, June 1st. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $312.78.

Key Amazon.com News

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

• Positive Sentiment: Amazon Web Services raised prices on certain AI GPU and capacity-block offerings, which suggests strong demand and improved pricing power for its cloud business. Article Title
• Positive Sentiment: Amazon said it will invest an additional $13 billion in India through 2030 to expand AI and cloud infrastructure, reinforcing long-term growth ambitions in a key market. Article Title
• Positive Sentiment: Prime Day appears to be generating strong demand, with reports pointing to record sales expectations and early momentum from AI-driven shopping activity. Article Title
• Positive Sentiment: Several analysts reiterated bullish views, including Wells Fargo and BMO Capital, signaling continued confidence in Amazon’s cloud, advertising, and AI-driven earnings power. Article Title
• Neutral Sentiment: Media coverage also highlighted Amazon as a stock that hedge funds and prominent investors continue to own heavily, but these are not immediate fundamental catalysts. Article Title
• Negative Sentiment: Some articles pointed to ongoing concerns about Amazon’s heavy capex, insider selling, and the stock breaking below key technical levels, which may be limiting gains. Article Title
• Negative Sentiment: Separately, EU regulators said Amazon’s cloud business may face stricter competition rules, adding a potential overhang for AWS. Article Title

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 15,467 shares of the business’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 completion of the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 195,774 shares of company stock worth $51,614,434. Insiders own 8.90% of the company’s stock.

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.