Crossmark Global Holdings Inc. Buys 96,675 Shares of Amazon.com, Inc. $AMZN

Crossmark Global Holdings Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 638,406 shares of the e-commerce giant’s stock after buying an additional 96,675 shares during the period. Amazon.com accounts for about 2.1% of Crossmark Global Holdings Inc.’s holdings, making the stock its 4th largest position. Crossmark Global Holdings Inc.’s holdings in Amazon.com were worth $147,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ethic Inc. grew its position in Amazon.com by 2.7% in the 4th quarter. Ethic Inc. now owns 766,968 shares of the e-commerce giant’s stock worth $177,032,000 after purchasing an additional 19,887 shares during the last quarter. Ballast Inc. grew its position in Amazon.com by 4.7% in the 4th quarter. Ballast Inc. now owns 17,757 shares of the e-commerce giant’s stock worth $4,099,000 after purchasing an additional 790 shares during the last quarter. Cheviot Value Management LLC grew its position in Amazon.com by 8.2% in the 4th quarter. Cheviot Value Management LLC now owns 74,808 shares of the e-commerce giant’s stock worth $18,179,000 after purchasing an additional 5,694 shares during the last quarter. Buck Wealth Strategies LLC grew its position in Amazon.com by 4.9% in the 4th quarter. Buck Wealth Strategies LLC now owns 75,256 shares of the e-commerce giant’s stock worth $17,371,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Kessler Investment Group LLC grew its position in Amazon.com by 1.8% in the 4th quarter. Kessler Investment Group LLC now owns 40,036 shares of the e-commerce giant’s stock worth $9,241,000 after purchasing an additional 701 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AMZN. Susquehanna restated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Royal Bank Of Canada set a $320.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Thursday, April 30th. Benchmark lifted their target price on shares of Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Tigress Financial lifted their target price on shares of Amazon.com from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Finally, Arete Research lifted their target price on shares of Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $312.83.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Truist raised its price target on Amazon and reiterated a buy rating, signaling confidence that the stock still has room to climb from current levels.
• Positive Sentiment: Amazon’s investment in Anthropic is drawing attention after the AI startup’s valuation surged, with several reports noting that Amazon benefits as Anthropic grows and that the relationship could become an increasingly valuable long-term asset for AWS.
• Positive Sentiment: Snowflake’s $6 billion AWS commitment and strong earnings have highlighted continued enterprise demand for Amazon Web Services, supporting the view that Amazon’s cloud business remains a key growth engine.
• Positive Sentiment: Multiple stories emphasized Amazon’s AI momentum, including AWS’s fastest growth in 15 quarters and plans to expand Bedrock with more advanced model offerings, reinforcing expectations that AI will keep driving revenue and margin expansion.
• Positive Sentiment: Prominent investors and commentators, including Cathie Wood and Jim Cramer, were cited as bullish on Amazon, which can help sentiment around the stock. Article: Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
• Neutral Sentiment: Amazon shut down an internal AI leaderboard after employees exaggerated usage scores, a sign the company is trying to control AI spending and improve discipline rather than a direct business setback. Article: Amazon says it shut down a token leaderboard: ‘Don’t use AI just to use AI’
• Neutral Sentiment: Coverage around Amazon nearing the $3 trillion market-cap milestone and outperforming since earnings is supportive, but it mostly reflects momentum already built into the stock rather than a new catalyst.
• Negative Sentiment: Australia’s competition regulator sued Amazon’s local unit over children’s backpacks lacking required battery warning labels, adding a regulatory overhang.
• Negative Sentiment: Blue Origin’s rocket explosion created a negative headline for Jeff Bezos’s broader empire, though the direct impact on Amazon is limited.
• Negative Sentiment: Some commentary also raised concerns about rising AI capital spending and margin pressure, which could matter if Amazon’s infrastructure buildout accelerates faster than monetization.

Insider Activity

In related news, CEO Douglas J. Herrington sold 6,370 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.39, for a total value of $1,671,424.30. Following the sale, the chief executive officer owned 486,527 shares in the company, valued at $127,659,819.53. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,427,876.40. This trade represents a 1.93% 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. In the last 90 days, insiders have sold 194,774 shares of company stock valued at $51,348,244. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $270.64 on Monday. The firm has a market cap of $2.91 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The business has a 50 day moving average price of $245.38 and a 200-day moving average price of $232.50.

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, beating analysts’ consensus estimates of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

About Amazon.com

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.