ACT Capital Management LLC Makes New $5.68 Million Investment in Amazon.com, Inc. $AMZN

ACT Capital Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 24,600 shares of the e-commerce giant’s stock, valued at approximately $5,678,000. Amazon.com accounts for about 4.6% of ACT Capital Management LLC’s holdings, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. State Street Corp boosted its holdings in Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock valued at $89,708,913,000 after purchasing an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Amazon.com by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock valued at $51,753,622,000 after purchasing an additional 2,479,324 shares in the last quarter. Norges Bank purchased a new stake in Amazon.com in the 4th quarter valued at approximately $32,868,735,000. Finally, Northern Trust Corp boosted its holdings in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,363 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $266.19, for a total transaction of $266,190.00. Following the sale, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at $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 three months, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is owned by corporate insiders.

Amazon.com Stock Down 3.5%

AMZN stock opened at $237.47 on Thursday. The stock has a market capitalization of $2.55 trillion, a P/E ratio of 28.41, a PEG ratio of 1.84 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a 50 day moving average price of $255.43 and a two-hundred day moving average price of $233.97.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during 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%. Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMZN shares. DA Davidson lifted their price target on shares of Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Scotiabank reiterated an “outperform” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Maxim Group lifted their price target on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. HSBC lifted their price target on shares of Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.78.

More Amazon.com News

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

• Positive Sentiment: Amazon expanded its AI and cloud footprint at AWS, unveiling new AI agents and continuing to push “plumbing” for business AI use cases, which supports the long-term growth narrative. Amazon unveils new AI agents, trying to thread the needle between autonomy and human control
• Positive Sentiment: The company also invested in and partnered with Odyssey, an AI startup building world models, reinforcing Amazon’s interest in next-generation AI infrastructure. Amazon Teams With Newly-Minted Physical AI Unicorn Odyssey
• Positive Sentiment: Amazon’s AI executive said commercially useful quantum computers could arrive in 5–7 years, a signal that the company is investing early in a potentially important frontier technology. Amazon AI exec predicts first ‘commercially useful’ quantum computers in 5-7 years
• Positive Sentiment: Amazon also backed Odyssey’s $310 million funding round and gained access to the startup’s specialized chip resources through AWS, another sign of strategic AI spending. AI lab Odyssey valued at $1.45 billion in latest funding round
• Neutral Sentiment: Arianespace successfully launched 36 Amazon Leo satellites, a milestone for Amazon’s broadband constellation, but the move is still more of a long-term strategic update than an immediate earnings driver. The New Ariane 6 with 4 P160C Boosters Successfully Launches Amazon LEO Satellites
• Negative Sentiment: Investors are increasingly focused on a reported FTC action over Amazon’s advertising practices, with potential multibillion-dollar penalties creating a regulatory overhang. Amazon faces billions in penalties from potential FTC ad suit, Bloomberg News reports
• Negative Sentiment: AMZN also moved lower amid broader market weakness and a hawkish Fed tone, which pressured high-multiple growth stocks. Amazon Shares Dip As Fed Signals Hawkish Shift
• Negative Sentiment: Some articles also highlighted concern that Amazon’s AI spending remains large relative to near-term returns, adding valuation pressure. Bad News for NVIDIA, Amazon, and Microsoft: There’s No Longer Enough Cash for AI

Amazon.com Company 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.