United Community Bank decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,426 shares of the e-commerce giant’s stock after selling 4,254 shares during the period. Amazon.com comprises 0.9% of United Community Bank’s investment portfolio, making the stock its 21st biggest position. United Community Bank’s holdings in Amazon.com were worth $2,407,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Boyer Financial Services Inc. acquired a new position in Amazon.com during the 4th quarter worth about $577,000. KTF Investments LLC acquired a new position in Amazon.com during the 4th quarter worth about $32,466,000. Oakworth Capital Inc. lifted its stake in Amazon.com by 2.0% during the 4th quarter. Oakworth Capital Inc. now owns 27,096 shares of the e-commerce giant’s stock worth $6,254,000 after acquiring an additional 527 shares in the last quarter. Citizens National Bank Trust Department lifted its stake in Amazon.com by 0.7% during the 4th quarter. Citizens National Bank Trust Department now owns 72,278 shares of the e-commerce giant’s stock worth $16,683,000 after acquiring an additional 484 shares in the last quarter. Finally, GPM Growth Investors Inc. lifted its stake in Amazon.com by 1.0% during the 4th quarter. GPM Growth Investors Inc. now owns 55,279 shares of the e-commerce giant’s stock worth $12,759,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Price Performance
AMZN stock opened at $265.01 on Thursday. 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 market capitalization of $2.85 trillion, a P/E ratio of 31.70, a P/E/G ratio of 1.94 and a beta of 1.46. The business’s 50-day moving average is $237.34 and its two-hundred day moving average is $231.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56.
Insiders Place Their Bets
In other news, CEO Matthew S. Garman sold 11,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.66, for a total transaction of $3,014,023.50. Following the sale, the chief executive officer owned 11,430 shares of the company’s stock, valued at approximately $3,002,203.80. This trade represents a 50.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 3,742 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $262.59, for a total value of $982,611.78. Following the sale, the chief executive officer directly owned 476,972 shares in the company, valued at $125,248,077.48. This trade represents a 0.78% 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. Insiders sold a total of 201,026 shares of company stock worth $49,128,874 over the last 90 days. Insiders own 8.90% of the company’s stock.
Analyst Ratings Changes
AMZN has been the topic of several research reports. Canaccord Genuity Group increased their target price on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Susquehanna reissued a “positive” rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Moffett Nathanson increased their price target on Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $312.66.
View Our Latest Stock Analysis on Amazon.com
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Evercore ISI’s Mark Mahaney reiterated a Buy rating on Amazon and raised his outlook tied to the company’s growing spectrum and “Leo” connectivity opportunities, signaling more upside potential. Article: Mark Mahaney Reiterates Buy on Amazon
- Positive Sentiment: Multiple articles pointed to AWS strength, with recent commentary saying Amazon’s cloud business is benefiting from AI demand and stronger-than-expected growth, helping reinforce the bullish valuation case. Article: Is Amazon.com One Of The Best Cloud Stocks To Buy As Azure Growth Hits 40%?
- Positive Sentiment: Analysts continue to frame Amazon as an underappreciated AI winner, with bullish notes on AWS, Trainium chips, and enterprise partnerships suggesting durable upside from cloud monetization. Article: Amazon Stock Falls despite Surge in Trainium AI Chip Demand
- Neutral Sentiment: CEO Douglas Herrington sold shares in a pre-arranged 10b5-1 plan, and another executive sale from Matthew Garman also drew attention, but these transactions do not appear to signal a change in Amazon’s operating outlook. SEC filing for Douglas J. Herrington sale
- Neutral Sentiment: Amazon also won an appeals-court case over allegations it helped with tariff evasion, removing a legal overhang and reducing near-term uncertainty. Article: Amazon.com defeats appeal claiming it aided tariff evasion
- Negative Sentiment: Offsetting the positive headlines, Amazon is still facing a class-action lawsuit tied to tariff-related pricing, which could create legal and reputational noise for investors. Article: Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum
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.
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