Amazon.com, Inc. $AMZN Shares Acquired by Canoe Financial LP

Canoe Financial LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 72.3% during the first quarter, Holdings Channel reports. The institutional investor owned 90,800 shares of the e-commerce giant’s stock after purchasing an additional 38,100 shares during the quarter. Canoe Financial LP’s holdings in Amazon.com were worth $18,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. MilWealth Group LLC lifted its stake in shares of Amazon.com by 79.0% in 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 period. Lifetime Wealth Management P.C. acquired a new position in Amazon.com during the fourth quarter worth about $45,000. Elkhorn Partners Limited Partnership increased its holdings in Amazon.com by 900.0% in the fourth 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 in the last quarter. Fairway Wealth LLC increased its holdings in Amazon.com by 95.6% in the fourth 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 in the last quarter. Finally, Prudent Man Investment Management Inc. lifted its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $244.16 on Tuesday. The company has a market cap of $2.63 trillion, a P/E ratio of 29.21, a P/E/G ratio of 1.81 and a beta of 1.46. The business has a fifty day simple moving average of $254.57 and a 200-day simple moving average of $234.65. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

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 the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for 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 business posted $1.59 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Deutsche Bank Aktiengesellschaft upped 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. Maxim Group upped their target price on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citigroup restated a “market outperform” rating on shares of Amazon.com in a research report on Monday, June 1st. Telsey Advisory Group lifted their price target on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, William Blair reiterated an “outperform” rating on shares of Amazon.com in a research report on Thursday, April 9th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.79.

Amazon.com News Summary

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

• Positive Sentiment: Amazon Web Services is said to be doubling down on enterprise AI by investing $1 billion in forward-deployed engineers, a move that could deepen customer relationships and boost AWS revenue growth.
• Positive Sentiment: Analysts and market commentary remain upbeat on Amazon’s AI and cloud strategy, including its Trainium chips and broader hyperscaler positioning, which could improve margins and strengthen Amazon’s long-term competitive moat.
• Positive Sentiment: One report argued that Amazon’s reported Anthropic stake could become a major hidden value driver if the AI company moves toward an IPO, potentially creating a large paper windfall for Amazon shareholders. Article Title
• Positive Sentiment: Coverage around Amazon’s own custom-silicon push suggested Trainium and Inferentia adoption is accelerating, with customer demand for AI infrastructure reinforcing the case for AWS growth and potential margin expansion. Article Title
• Neutral Sentiment: Several articles reiterated that Amazon is still a top long-term growth stock, but much of that discussion was valuation-focused rather than tied to a fresh operational catalyst.
• Neutral Sentiment: Amazon also appeared in stories about back-to-school promotions and international platform use, which are positive for visibility but not likely to be major stock movers on their own.
• Negative Sentiment: Some coverage noted intensifying competition in e-commerce from lower-cost shopping platforms and broader concerns about consumer spending, which could pressure retail growth if it persists.
• Negative Sentiment: There were also reminders that Amazon’s heavy capex spending and ongoing insider sales may keep some investors cautious, even if those signals are not necessarily a change in the company’s fundamentals.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This trade represents a 1.42% 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 195,774 shares of company stock valued at $51,643,704. Insiders own 8.90% of the company’s stock.

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.