Amazon.com, Inc. $AMZN Shares Sold by Accredited Investors Inc.

Accredited Investors Inc. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 222,751 shares of the e-commerce giant’s stock after selling 6,653 shares during the period. Amazon.com makes up about 2.5% of Accredited Investors Inc.’s holdings, making the stock its 13th biggest holding. Accredited Investors Inc.’s holdings in Amazon.com were worth $46,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMZN. Graetz Wealth LLC lifted its position in shares of Amazon.com by 13.7% during the first quarter. Graetz Wealth LLC now owns 1,104 shares of the e-commerce giant’s stock worth $230,000 after purchasing an additional 133 shares in the last quarter. Texas Bank & Trust Co boosted its holdings in Amazon.com by 14.3% in the first quarter. Texas Bank & Trust Co now owns 20,126 shares of the e-commerce giant’s stock valued at $4,192,000 after purchasing an additional 2,516 shares during the last quarter. Waterfront Wealth Inc. grew its stake in Amazon.com by 5.5% during the 1st quarter. Waterfront Wealth Inc. now owns 21,292 shares of the e-commerce giant’s stock valued at $4,434,000 after purchasing an additional 1,103 shares in the last quarter. Yukon Wealth Management Inc. grew its stake in Amazon.com by 1.0% during the 1st quarter. Yukon Wealth Management Inc. now owns 9,707 shares of the e-commerce giant’s stock valued at $2,022,000 after purchasing an additional 96 shares in the last quarter. Finally, IMPACTfolio LLC increased its holdings in Amazon.com by 32.7% during the 1st quarter. IMPACTfolio LLC now owns 1,625 shares of the e-commerce giant’s stock worth $338,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total transaction of $239,770.00. Following the transaction, the chief executive officer directly owned 484,527 shares in the company, valued at approximately $116,175,038.79. The trade was a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 144,274 shares of company stock worth $38,716,204 over the last quarter. Insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Oppenheimer increased their target price on Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a report on Wednesday, July 15th. TD Cowen restated a “buy” rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a research note on Wednesday, July 8th. Maxim Group lifted their price target on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Truist Financial boosted their price objective on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $312.91.

Amazon.com News Summary

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

• Positive Sentiment: Amazon Business reached a $60 billion annualized sales run rate, with more than 1.8 million organizations joining in the first half of the year, reinforcing the strength of Amazon’s B2B platform. Amazon Business Hits $60 Billion in Annualized Sales
• Positive Sentiment: Multiple articles highlighted Amazon as an attractive AI cloud stock, citing AWS growth, a lower valuation than Microsoft, and improving sentiment around Amazon’s AI infrastructure buildout. Amazon vs. Microsoft: Which AI Cloud Titan Is the Better Investment?
• Positive Sentiment: Analysts and commentators continued to argue that Amazon is undervalued relative to its AI capex plans, with bullish takes focused on AWS, Trainium chips, and the company’s strategic position in artificial intelligence. Is Amazon.com (AMZN) Undervalued Following Its $200b AI Infrastructure Push?
• Neutral Sentiment: Amazon also got publicity from Jeff Bezos-related and Amazon-marketplace stories, plus a new satellite-business finance hire, but these items are unlikely to move the stock much by themselves. Amazon taps Alexa executive as Leo satellite business’s first finance VP
• Neutral Sentiment: Bill Ackman reportedly called Amazon a “cheap stock,” adding to the bullish long-term narrative, but this is more sentiment support than a direct catalyst. Bill Ackman Says META and AMZN Are ‘Cheap Stocks’ Despite Their Massive Size
• Negative Sentiment: A separate report said Amazon may be losing some competitive edge on delivery speed, which could reinforce worries about retail margin pressure and execution. Amazon may be losing its biggest competitive edge
• Negative Sentiment: Some coverage focused on Amazon’s large AI spending plans and shrinking free cash flow, suggesting investors are still skeptical that the capex will translate into near-term profits. Big Tech Is Minting Mountains of Cash — But Amazon’s Is Vanishing
• Negative Sentiment: There was also an article warning that Amazon’s cash-flow picture needs watching ahead of earnings, keeping attention on whether the AI and cloud investments are paying off fast enough. Amazon’s (AMZN) AI Strategy Continues to Grow, but Cash Flow Needs Watching

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $247.55 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm has a market capitalization of $2.66 trillion, a PE ratio of 29.61, a P/E/G ratio of 1.86 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The business’s fifty day moving average price is $250.08 and its two-hundred day moving average price is $236.20.

Amazon.com (NASDAQ:AMZN) last released 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. The business had revenue of $181.52 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. On average, research analysts expect 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.