Amazon.com, Inc. $AMZN Shares Purchased by Midwest Trust Co

Midwest Trust Co grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 945,890 shares of the e-commerce giant’s stock after purchasing an additional 32,695 shares during the quarter. Amazon.com comprises approximately 2.7% of Midwest Trust Co’s investment portfolio, making the stock its 6th largest position. Midwest Trust Co’s holdings in Amazon.com were worth $218,330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. raised its stake in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. State Street Corp raised its stake in Amazon.com by 2.0% during the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock worth $83,805,794,000 after buying an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC raised its stake in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after buying an additional 3,721,658 shares during the last quarter. Norges Bank bought a new position in Amazon.com during the second quarter worth $27,438,011,000. Finally, Northern Trust Corp raised its stake in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after buying an additional 302,858 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 3.5%

NASDAQ:AMZN opened at $261.26 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The firm has a 50-day moving average of $246.43 and a 200-day moving average of $232.58. The company has a market cap of $2.81 trillion, a PE ratio of 31.25, a PEG ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted 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 company had revenue of $181.52 billion during 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 firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Wall Street remains constructive on Amazon, with multiple bullish notes reiterating Buy ratings and higher price targets, citing improving cloud momentum and the potential for newer businesses like supply chain services and satellite internet to become meaningful revenue drivers.
• Positive Sentiment: Amazon’s AI story is getting stronger: reports highlighted that its $8 billion Anthropic stake has ballooned in value and that AWS continues to benefit from partnership demand, reinforcing the company’s optionality in artificial intelligence.
• Positive Sentiment: The company also received supportive coverage as a leading long-term AI/data center play, with investors seeing Amazon’s scale in cloud, logistics, and infrastructure as a durable competitive advantage.
• Positive Sentiment: Amazon said it has already invested £15 billion in the U.K. toward a planned multiyear commitment, underscoring continued capital deployment into growth and infrastructure.
• Neutral Sentiment: Several articles framed Amazon as a high-quality stock after a strong multi-year run, but also noted that the shares are no longer cheap, which may be encouraging investors to take profits or wait for a better entry point.
• Neutral Sentiment: Some headlines about Jeff Bezos-related stock portfolios and Amazon being a top data-center or retail-media name are supportive in tone, but they are mostly commentary rather than new fundamental news.
• Negative Sentiment: A Reuters report said the EU may tighten cloud procurement rules in a way that could restrict Amazon Web Services’ access to certain strategic government tenders in Europe, creating a potential regulatory headwind.
• Negative Sentiment: Blue Origin’s recent rocket explosion raised concerns that Amazon’s satellite internet ambitions could face delays, even though management is trying to stay focused on the broader project.
• Negative Sentiment: Greg Abel’s decision to dump Amazon shares in Berkshire Hathaway’s portfolio is a modest sentiment negative, though it reflects portfolio allocation choices rather than a new problem with Amazon’s business.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Rosenblatt Securities lifted their target price on shares of Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wolfe Research reissued an “outperform” rating and set a $320.00 target price (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Citizens Jmp reissued a “market outperform” rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, April 10th. Canaccord Genuity Group lifted their target price on shares of Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Bank of America lifted their target price on shares of Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research note 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’s stock. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.52.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,427,876.40. The trade was a 1.93% 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. Insiders sold a total of 194,774 shares of company stock valued at $51,348,244 over the last quarter. 8.90% of the stock is currently owned by company insiders.

Amazon.com 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.