Amazon.com, Inc. $AMZN Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 572,442 shares of the e-commerce giant’s stock after selling 55,322 shares during the period. Amazon.com comprises approximately 4.1% of Peregrine Capital Management LLC’s holdings, making the stock its 2nd largest holding. Peregrine Capital Management LLC’s holdings in Amazon.com were worth $132,131,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE increased its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $2,153,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.1%

NASDAQ:AMZN opened at $267.22 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year 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. The stock has a market cap of $2.87 trillion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.02 and a beta of 1.46. The stock has a 50-day moving average price of $233.53 and a two-hundred day moving average price of $230.43.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) 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 analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Rothschild & Co Redburn set a $230.00 price target on Amazon.com in a report on Wednesday, January 21st. TD Securities raised Amazon.com to a “buy” rating in a report on Monday, April 13th. Mizuho raised their price target on Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. BNP Paribas Exane raised their price target on Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, DA Davidson raised their price target on Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.52.

More Amazon.com News

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

• Positive Sentiment: Amazon’s rollout of Alexa for Shopping is being seen as a meaningful AI commerce upgrade, potentially improving product search, recommendations, and conversion rates across Amazon’s retail ecosystem. Amazon Unveils AI Search Overhaul To Defend Online Shopping Dominance
• Positive Sentiment: Investor optimism is rising around Amazon’s AI and AWS strategy, with reports pointing to strong cloud growth and massive AI chip commitments that reinforce the company’s long-term infrastructure opportunity. Amazon Rallies 36% as AI Push Drives Market Value Toward $3 Trillion
• Positive Sentiment: Amazon is expanding its smaller-format Whole Foods Daily Shop concept into more major U.S. cities, which could support grocery growth and deepen its urban retail footprint. Whole Foods Market to Bring its Daily Shop Concept to Three New U.S. Markets
• Positive Sentiment: Amazon’s logistics expansion, including Amazon Supply Chain Services and in-flight WiFi wins like Delta’s Amazon LEO deal, suggests the company is broadening revenue beyond retail and strengthening its infrastructure moat. UPS Weighs Amazon Competition Against Valuation Gap And Healthcare Focus
• Neutral Sentiment: Amazon continues to cut jobs and push employees to use more AI tools, which supports efficiency but also signals ongoing restructuring inside the business. LinkedIn, Cisco and Amazon are the latest tech companies laying off more workers
• Neutral Sentiment: Amazon’s debt and capital spending remain a major focus as the company funds AI infrastructure, but analysts still see the strategy as supportive of future growth. Amazon.com (AMZN) Plugged After $200 billion Projected Capital Expenditures
• Negative Sentiment: Lawmakers have opened a probe into Amazon’s AI data centers over power usage, consumer electricity costs, and grid strain, adding regulatory and reputational risk. Lawmakers Probe Amazon AI Data Center Power Costs And Investor Risks
• Negative Sentiment: Public pushback against AI data centers could complicate Amazon’s infrastructure buildout and slow execution of its broader AI ambitions. Amazon, Meta And Microsoft’s AI Data Center Push Faces Strong Revolt

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 190,593 shares of company stock worth $46,081,241 over the last ninety days. 8.90% of the stock is owned by corporate insiders.

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.