Amazon.com, Inc. $AMZN Shares Sold by Beacon Financial Group

Beacon Financial Group lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 28,638 shares of the e-commerce giant’s stock after selling 3,063 shares during the quarter. Beacon Financial Group’s holdings in Amazon.com were worth $5,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. MilWealth Group LLC increased its stake in Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. acquired a new position in shares of Amazon.com in the 4th quarter valued at about $45,000. Elkhorn Partners Limited Partnership boosted its holdings in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC grew its position in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. raised its stake in Amazon.com by 87.7% during the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 107 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $247.55 on Wednesday. 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 $2.66 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.86 and a beta of 1.46. The stock’s 50 day moving average price is $250.08 and its 200 day moving average price is $236.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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 firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 144,274 shares of company stock worth $38,716,204. 8.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Telsey Advisory Group lifted their target price on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Maxim Group raised their price target on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Roth Capital boosted their price objective on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Canaccord Genuity Group upped their price objective on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Thursday, April 9th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.91.

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.