Securian Asset Management Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 45.1% during the 4th quarter, Holdings Channel reports. The fund owned 264,526 shares of the e-commerce giant’s stock after selling 217,562 shares during the period. Amazon.com comprises about 2.3% of Securian Asset Management Inc.’s portfolio, making the stock its 9th biggest position. Securian Asset Management Inc.’s holdings in Amazon.com were worth $61,058,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. ABN AMRO Bank N.V. lifted its position in Amazon.com by 25.5% during the fourth quarter. ABN AMRO Bank N.V. now owns 1,081,366 shares of the e-commerce giant’s stock worth $249,389,000 after buying an additional 219,540 shares during the period. Strait & Sound Wealth Management LLC lifted its position in Amazon.com by 0.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 48,068 shares of the e-commerce giant’s stock worth $11,095,000 after buying an additional 354 shares during the period. Firetrail Investments PTY Ltd. purchased a new position in Amazon.com during the fourth quarter worth about $10,891,000. Osprey Private Wealth LLC lifted its position in Amazon.com by 152.2% during the fourth quarter. Osprey Private Wealth LLC now owns 11,740 shares of the e-commerce giant’s stock worth $2,710,000 after buying an additional 7,085 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its position in Amazon.com by 13.1% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 3,202 shares of the e-commerce giant’s stock worth $739,000 after buying an additional 372 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Amazon.com news, CEO Douglas J. Herrington sold 6,370 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.39, for a total transaction of $1,671,424.30. Following the completion of the sale, the chief executive officer owned 486,527 shares in the company, valued at $127,659,819.53. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 194,774 shares of company stock worth $51,348,244 over the last quarter. Corporate insiders own 8.90% of the company’s stock.
Key Headlines Impacting Amazon.com
- Positive Sentiment: Amazon moved Prime Day to June 23-26 and kept it a four-day event, which could lift near-term e-commerce sales and membership engagement. Reuters Prime Day article
- Positive Sentiment: The event will include new Alexa AI features, reinforcing Amazon’s AI strategy and potentially improving shopping conversion. Forbes article on Alexa AI-powered Prime Day
- Positive Sentiment: Analyst commentary remained constructive, with bullish Wall Street coverage and price-target increases helping support the stock. Zacks analyst article
- Neutral Sentiment: Amazon’s cloud and AI businesses continue to draw attention, including reports that AWS is expanding AI-related investment and that its Anthropic stake has become far more valuable. Business Insider article on Anthropic stake
- Negative Sentiment: Amazon faces fresh regulatory and legal pressure, including an EU cloud procurement review that could make it harder for AWS to win certain government contracts. Reuters EU cloud rules article
- Negative Sentiment: Amazon’s Ring unit was hit with a class-action privacy lawsuit over facial recognition features, adding to ongoing data-privacy scrutiny. Reuters Ring lawsuit article
- Negative Sentiment: Investor sentiment may also be weighed by a report that Stanley Druckenmiller sharply reduced his Amazon position, which can be read as a cautious signal from a high-profile fund manager. Motley Fool Druckenmiller article
Amazon.com Price Performance
AMZN stock opened at $256.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The firm has a market cap of $2.76 trillion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.44. The stock has a 50-day simple moving average of $246.43 and a 200-day simple moving average of $232.58.
Amazon.com (NASDAQ:AMZN – Get Free Report) 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. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
AMZN has been the topic of several recent analyst reports. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, April 10th. Monness Crespi & Hardt increased their target price on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America increased their target price on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Benchmark increased their target price on Amazon.com from $275.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Susquehanna restated a “positive” rating and set a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $312.52.
View Our Latest Analysis on AMZN
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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