Amazon.com, Inc. $AMZN Holdings Lowered by Highland Capital Management LLC

Highland Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 203,882 shares of the e-commerce giant’s stock after selling 4,805 shares during the period. Amazon.com accounts for approximately 2.3% of Highland Capital Management LLC’s portfolio, making the stock its 8th biggest position. Highland Capital Management LLC’s holdings in Amazon.com were worth $47,060,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Lifelong Wealth Advisors Inc. grew its position in shares of Amazon.com by 2.4% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after buying an additional 41 shares during the last quarter. Financial Connections Group Inc. grew its position in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock worth $376,000 after purchasing an additional 42 shares during the last quarter. Marquette Asset Management LLC grew its position in Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock worth $205,000 after purchasing an additional 43 shares during the last quarter. Western Financial Corp CA grew its position in Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant’s stock worth $710,000 after purchasing an additional 44 shares during the last quarter. Finally, Cadence Wealth Management LLC grew its position in Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock worth $292,000 after purchasing an additional 45 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.5%

Shares of NASDAQ:AMZN opened at $271.85 on Thursday. The company has a market cap of $2.92 trillion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.46. The firm’s 50-day simple moving average is $242.99 and its 200-day simple moving average is $232.13. 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, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This trade represents a 18.37% 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. Over the last three months, insiders have sold 195,774 shares of company stock valued at $51,552,494. 8.90% of the stock is owned by company insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon Web Services is deepening its AI growth story by selling AI shopping tools to retailers and expanding its broader “agentic commerce” strategy, reinforcing AWS as a potential new growth engine. Amazon starts selling its AI shopping technology to other retailers
• Positive Sentiment: Snowflake’s $6 billion AWS commitment highlights continued demand for Amazon’s cloud infrastructure and AI chips, which investors may view as validation of AWS’s competitive position and revenue pipeline. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: UBS and other analysts remain bullish, arguing Amazon’s AWS AI backlog and margin expansion could be more powerful than Wall Street currently expects, with price targets well above recent trading levels. Amazon Stock (AMZN): This Top Analyst Says AWS AI Growth Is Stronger Than Investors Realize
• Positive Sentiment: Recent commentary says AWS margins are holding up better than rivals, helping support the case that Amazon can monetize AI spending without sacrificing profitability. AWS Margins Are Leaving Cloud Rivals Behind as Anthropic Demand Surges
• Neutral Sentiment: Amazon’s healthcare leadership change appears operational rather than strategic: longtime health executive Neil Lindsay is stepping down and Dr. Roy Schoenberg will take over, so the market may view it as a business continuity move. Amazon puts Amwell co-founder in charge of healthcare unit; longtime executive to depart
• Negative Sentiment: Multiple executive stock sales, including by CEO Andy Jassy and other leaders, may create modest short-term pressure or raise questions about insider sentiment, even though the trades were reported as pre-planned. Amazon.com (NASDAQ:AMZN) CEO Matthew Garman Sells 15,467 Shares of Stock

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Mizuho raised their price objective on shares of Amazon.com from $315.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Maxim Group raised their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Susquehanna reissued a “positive” rating and set a $325.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, TD Cowen reissued a “buy” rating and set a $350.00 price objective on shares of Amazon.com in a research report on Tuesday, May 12th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $312.66.

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.