GM Advisory Group LLC Has $31.77 Million Position in Amazon.com, Inc. $AMZN

GM Advisory Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,551 shares of the e-commerce giant’s stock after acquiring an additional 11,348 shares during the period. Amazon.com accounts for 1.2% of GM Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest holding. GM Advisory Group LLC’s holdings in Amazon.com were worth $31,772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC increased its position in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $260.00, for a total value of $1,000,740.00. Following the transaction, the director directly owned 78,654 shares of the company’s stock, valued at $20,450,040. This represents a 4.67% 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. Over the last 90 days, insiders have sold 175,274 shares of company stock worth $46,621,204. Insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMZN shares. Mizuho raised their price objective on shares of Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Morgan Stanley boosted their target price on shares of Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. The Goldman Sachs Group restated a “buy” rating and set a $335.00 price target on shares of Amazon.com in a research note on Thursday, July 9th. KeyCorp raised their price target on shares of Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 1st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $312.79.

Key Amazon.com News

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

• Positive Sentiment: Citizens JMP reaffirmed its market outperform rating on Amazon and lifted its price target to $315, implying meaningful upside from current levels.
• Positive Sentiment: Jefferies said Amazon offers an attractive way to invest in AI data centers and chips, highlighting upside from AWS, custom silicon, and broader AI infrastructure demand.
• Positive Sentiment: Several reports pointed to Amazon’s growing AI opportunity, including commentary that CEO Andy Jassy sees AI chip sales becoming a potential $50 billion business and that Amazon is increasingly being viewed as a major player in data center chips.
• Positive Sentiment: Amazon also signed a commercial relationship with Electrovaya tied to battery technology for material handling, robotics, and energy storage, reinforcing its automation and logistics ambitions. Electrovaya Announces Commercial Relationship with Amazon
• Positive Sentiment: Analysts continued to frame Amazon as well-positioned heading into its earnings cycle thanks to AWS momentum and resilient Prime Day spending.
• Neutral Sentiment: Amazon AWS senior vice president Dave Brown is leaving after 19 years, but the company moved quickly to replace him with another senior executive, limiting the immediate business impact.
• Negative Sentiment: Some headlines flagged concern over Amazon’s aggressive AI spending and debt financing, including its planned $25 billion bond sale and broader questions about whether hyperscaler capex can be sustained.
• Negative Sentiment: There were also reports that New York’s pause on new AI data centers and other potential state-level restrictions could slow parts of the AI infrastructure buildout that supports Amazon’s cloud growth story.

Amazon.com Trading Up 3.0%

NASDAQ:AMZN opened at $254.96 on Thursday. The company’s 50 day moving average is $251.76 and its 200-day moving average is $235.73. 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 12 month low of $196.00 and a 12 month high of $278.56. The firm has a market cap of $2.74 trillion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.85 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $177.28 billion. During the same period in the prior year, the firm earned $1.59 EPS. Amazon.com’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 7.75 EPS for the current year.

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.