Amazon.com, Inc. $AMZN Position Lowered by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the first quarter, HoldingsChannel.com reports. The firm owned 562,039 shares of the e-commerce giant’s stock after selling 45,727 shares during the quarter. Amazon.com comprises 2.9% of Riverbridge Partners LLC’s investment portfolio, making the stock its 6th biggest position. Riverbridge Partners LLC’s holdings in Amazon.com were worth $117,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. MilWealth Group LLC lifted its holdings in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new position in Amazon.com in the fourth quarter valued at about $45,000. Elkhorn Partners Limited Partnership lifted its stake in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 180 shares in the last quarter. Fairway Wealth LLC boosted its position in shares of Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 108 shares during the period. Finally, Bridge Generations Wealth Management LLC boosted its position in shares of Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 233 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 9,270 shares of the 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 transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This trade represents a 1.42% decrease in their ownership of the stock. 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 quarter, insiders have sold 195,774 shares of company stock valued at $51,614,434. 8.90% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $232.69 on Monday. The stock’s 50 day moving average is $255.53 and its two-hundred day moving average is $234.18. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The company has a market capitalization of $2.50 trillion, a PE ratio of 27.83, a P/E/G ratio of 1.74 and a beta of 1.45. 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 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same period in the prior year, the business posted $1.59 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Morgan Stanley raised their target price on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Roth Mkm upped their price target on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Guggenheim reiterated a “buy” rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, UBS Group set a $315.00 target price on shares of Amazon.com in a research report on Monday, June 1st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $312.78.

More Amazon.com News

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

• Positive Sentiment: Amazon Web Services raised prices on certain AI GPU and capacity-block offerings, which suggests strong demand and improved pricing power for its cloud business. Article Title
• Positive Sentiment: Amazon said it will invest an additional $13 billion in India through 2030 to expand AI and cloud infrastructure, reinforcing long-term growth ambitions in a key market. Article Title
• Positive Sentiment: Prime Day appears to be generating strong demand, with reports pointing to record sales expectations and early momentum from AI-driven shopping activity. Article Title
• Positive Sentiment: Several analysts reiterated bullish views, including Wells Fargo and BMO Capital, signaling continued confidence in Amazon’s cloud, advertising, and AI-driven earnings power. Article Title
• Neutral Sentiment: Media coverage also highlighted Amazon as a stock that hedge funds and prominent investors continue to own heavily, but these are not immediate fundamental catalysts. Article Title
• Negative Sentiment: Some articles pointed to ongoing concerns about Amazon’s heavy capex, insider selling, and the stock breaking below key technical levels, which may be limiting gains. Article Title
• Negative Sentiment: Separately, EU regulators said Amazon’s cloud business may face stricter competition rules, adding a potential overhang for AWS. Article Title

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.