Bank Julius Baer & Co. Ltd Zurich Sells 505,001 Shares of Amazon.com, Inc. $AMZN

Bank Julius Baer & Co. Ltd Zurich reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,893,387 shares of the e-commerce giant’s stock after selling 505,001 shares during the period. Amazon.com makes up about 2.5% of Bank Julius Baer & Co. Ltd Zurich’s portfolio, making the stock its 8th biggest position. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amazon.com were worth $899,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Strategies Group Inc. lifted its stake in shares of Amazon.com by 2.8% in the fourth quarter. Financial Strategies Group Inc. now owns 58,578 shares of the e-commerce giant’s stock worth $14,113,000 after acquiring an additional 1,591 shares during the period. Fourier Capital Management Ltd acquired a new position in Amazon.com in the fourth quarter valued at approximately $1,238,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Amazon.com by 54.4% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 25,943 shares of the e-commerce giant’s stock valued at $6,303,000 after buying an additional 9,136 shares during the period. Bradyco Inc. lifted its stake in Amazon.com by 0.3% in the fourth quarter. Bradyco Inc. now owns 36,358 shares of the e-commerce giant’s stock valued at $8,392,000 after buying an additional 107 shares during the period. Finally, Plancorp LLC lifted its stake in Amazon.com by 0.4% in the fourth quarter. Plancorp LLC now owns 41,270 shares of the e-commerce giant’s stock valued at $9,526,000 after buying an additional 168 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. This trade represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 on Monday, June 1st. The shares were sold at an average price of $266.19, for a total value of $266,190.00. Following the sale, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at approximately $129,242,432.13. This represents a 0.21% 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. Over the last quarter, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. UBS Group set a $315.00 price target on Amazon.com in a research note on Monday. Barclays reaffirmed an “overweight” rating and set a $330.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Rosenblatt Securities upped their target price on Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Truist Financial upped their target price on Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, TD Securities raised Amazon.com to a “buy” rating in a research report on Monday, April 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.52.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon unveiled a new AI-powered warehouse robot and announced a €10 billion expansion of its European fulfillment network, reinforcing the case for better logistics efficiency and long-term margin improvement. Article Title
• Positive Sentiment: Pinterest signed a $4 billion cloud deal with Amazon Web Services through 2031, a meaningful win for AWS that highlights continuing demand for Amazon’s cloud and AI infrastructure. Article Title
• Positive Sentiment: Several reports pointed to Amazon’s strengthening AI narrative, including bullish commentary on AWS, custom chips, advertising, and subscriptions as major profit drivers. Article Title
• Positive Sentiment: Amazon overtook Walmart as the largest U.S. company by revenue and surpassed $700 billion in annual sales, reinforcing its scale and execution strength. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Truist raising its price target to $320 and reiterating a Buy rating, which supports the stock’s broader uptrend. Article Title
• Neutral Sentiment: Amazon launched Prime in South Africa at a low monthly price, a modest international expansion that is positive strategically but unlikely to move the stock much by itself. Article Title
• Negative Sentiment: Amazon faces growing criticism over heavy AI/data-center spending while continuing layoffs, along with local pushback and regulatory scrutiny around expansion plans. Article Title
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged plan, which is usually routine but can still add to short-term caution when insider selling is already a talking point. Article Title

Amazon.com Trading Up 1.5%

NASDAQ AMZN opened at $253.79 on Friday. The firm has a market capitalization of $2.73 trillion, a P/E ratio of 30.36, a PEG ratio of 1.87 and a beta of 1.44. The business has a fifty day simple moving average of $249.18 and a 200 day simple moving average of $232.89. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. 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 (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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 return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. On average, analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal 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.