Amazon.com, Inc. $AMZN is Elevation Point Wealth Partners LLC’s 8th Largest Position

Elevation Point Wealth Partners LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 94.8% in the first quarter, Holdings Channel reports. The firm owned 302,481 shares of the e-commerce giant’s stock after acquiring an additional 147,231 shares during the quarter. Amazon.com accounts for 1.5% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 8th biggest holding. Elevation Point Wealth Partners LLC’s holdings in Amazon.com were worth $62,998,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sharp Wealth Advisory LLC grew its holdings in shares of Amazon.com by 25.2% during the first quarter. Sharp Wealth Advisory LLC now owns 4,584 shares of the e-commerce giant’s stock valued at $955,000 after buying an additional 922 shares during the last quarter. Platform Technology Partners increased its holdings in shares of Amazon.com by 10.1% in the 1st quarter. Platform Technology Partners now owns 68,595 shares of the e-commerce giant’s stock worth $14,286,000 after purchasing an additional 6,313 shares in the last quarter. DSG Capital Advisors LLC increased its holdings in shares of Amazon.com by 3.6% in the 1st quarter. DSG Capital Advisors LLC now owns 55,028 shares of the e-commerce giant’s stock worth $11,461,000 after purchasing an additional 1,889 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Amazon.com by 5.2% in the first quarter. Sound Income Strategies LLC now owns 62,901 shares of the e-commerce giant’s stock worth $13,245,000 after purchasing an additional 3,134 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its stake in shares of Amazon.com by 3.1% in the first quarter. Jamison Private Wealth Management Inc. now owns 66,438 shares of the e-commerce giant’s stock worth $13,837,000 after purchasing an additional 1,993 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $245.34 on Monday. The stock’s 50 day moving average is $253.04 and its 200 day moving average is $235.35. 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 has a market cap of $2.64 trillion, a PE ratio of 29.35, a P/E/G ratio of 1.83 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $1.59 EPS. Research analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 Amazon.com 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 completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents 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. Insiders have sold a total of 195,774 shares of company stock worth $51,643,704 in the last three months. Insiders own 8.90% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: Several reports highlighted Amazon’s expanding AI/data-center buildout, including plans to increase capacity and a $25 billion bond sale to fund infrastructure, which bulls see as supporting long-term AWS growth. Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
• Positive Sentiment: Analyst coverage remained constructive, with BNP Paribas keeping an Outperform rating and a $345 target, while BofA raised its price target and cited improving sell-through trends for Amazon’s retail business. Amazon’s Valuation Looks Attractive Ahead of Earnings: Analyst
• Positive Sentiment: Articles also framed Amazon as a leading AI winner, noting that hyperscaler spending may be “pre-sold” through future demand and that Amazon’s valuation remains attractive relative to peers. Nervous About AI Spending? Buy the Stocks of These 3 Tech Giants.
• Neutral Sentiment: One story said Amazon is cheaper than Walmart and Costco on a key valuation metric, but the explanation was more about business mix than a clear near-term catalyst. Why Is Amazon so Much Cheaper Than Walmart and Costco? This Is the Only Answer I Can Think of.
• Negative Sentiment: Investors remain wary of Amazon’s heavy capex and rising debt needs, with some coverage warning that free cash flow has been squeezed as the company funds its AI expansion. Huge News for Amazon Stock Investors!
• Negative Sentiment: There were also headlines about Third Point trimming its Amazon stake and commentary about insider selling, which can add to short-term caution. Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. BNP Paribas Exane increased their price objective on Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Raymond James Financial restated an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $335.00 price objective on shares of Amazon.com in a report on Thursday. Rosenblatt Securities upped their price objective on Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Guggenheim reissued a “buy” rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a report 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 an average rating of “Moderate Buy” and an average target price of $312.79.

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.