Kimelman & Baird LLC Sells 2,048 Shares of Amazon.com, Inc. $AMZN

Posted by Stanley Muller on Jun 6th, 2026

Kimelman & Baird LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 275,416 shares of the e-commerce giant’s stock after selling 2,048 shares during the quarter. Amazon.com accounts for 4.9% of Kimelman & Baird LLC’s investment portfolio, making the stock its 3rd largest position. Kimelman & Baird LLC’s holdings in Amazon.com were worth $63,572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stronghold Wealth Management L.L.C. acquired a new position in Amazon.com during the fourth quarter worth $701,000. WD Rutherford LLC boosted its stake in Amazon.com by 4.3% during the fourth quarter. WD Rutherford LLC now owns 29,733 shares of the e-commerce giant’s stock worth $6,863,000 after buying an additional 1,214 shares during the last quarter. Entrust Financial LLC acquired a new position in Amazon.com during the fourth quarter worth $353,000. Ironwood Investment Counsel LLC boosted its stake in Amazon.com by 0.3% during the fourth quarter. Ironwood Investment Counsel LLC now owns 71,330 shares of the e-commerce giant’s stock worth $16,465,000 after buying an additional 234 shares during the last quarter. Finally, Cascade Financial Partners LLC boosted its stake in Amazon.com by 0.5% during the fourth quarter. Cascade Financial Partners LLC now owns 69,901 shares of the e-commerce giant’s stock worth $16,134,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com News Summary

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

Positive Sentiment: Amazon’s latest AI and logistics push is a major bullish catalyst: the company unveiled an upgraded warehouse robot and is backing a €10 billion expansion of its European fulfillment network, which should support faster shipping, lower costs, and better operating efficiency. Reuters: Amazon unveils new AI warehouse robot in $12 billion Europe push
Positive Sentiment: Amazon Web Services continues to win large contracts, including Pinterest’s $4 billion cloud deal through 2031, reinforcing AWS’s role as a key AI infrastructure beneficiary. Reuters: Pinterest signs $4 billion Amazon deal for cloud services
Positive Sentiment: Several recent market commentary pieces highlighted Amazon’s growing AI, cloud, and advertising opportunities, with analysts continuing to frame AMZN as a long-duration AI winner. MarketBeat: Amazon.com stock and related coverage
Neutral Sentiment: Amazon’s CEO Douglas Herrington sold 1,000 shares under a pre-arranged trading plan. The sale is small, but insider selling can still create some short-term caution. MarketBeat: Amazon.com insider trades
Negative Sentiment: Amazon is facing fresh scrutiny over its aggressive AI spending, with employees publicly criticizing massive data-center investment while layoffs continue. That keeps cost and labor concerns front and center. CNBC: Amazon engineers in Seattle slam employer for building AI data centers while laying off staffers
Negative Sentiment: Rising shipping costs tied to Middle East conflict could pressure Amazon’s retail margins ahead of Prime Day, adding another near-term headwind. Yahoo Finance: Iran war raises shipping costs ahead of Amazon Prime Day
Negative Sentiment: Amazon also faces ongoing regulatory and reputational pressure from data-center pushback and privacy-related concerns around Ring, which may weigh on sentiment even if the long-term business outlook remains strong. Reuters: Texas grid flags risks as data centers, crypto sites fail voltage tests

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $246.03 on Friday. The business has a 50-day moving average of $249.87 and a 200 day moving average of $232.98. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The stock has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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 company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same period last year, the business posted $1.59 EPS. Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. This represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their position. 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 have sold 195,774 shares of company stock worth $51,614,434 over the last quarter. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Evercore boosted their price objective on Amazon.com from $285.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Thursday, April 30th. Oppenheimer upped their price target on Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, April 10th. Finally, Benchmark upped their price target on Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.52.

Check Out Our Latest Research Report on Amazon.com

Amazon.com Company Profile

(Free Report)

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.