Lincoln Capital Corp lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 36,997 shares of the e-commerce giant’s stock after selling 7,582 shares during the quarter. Amazon.com comprises 2.8% of Lincoln Capital Corp’s portfolio, making the stock its 10th largest holding. Lincoln Capital Corp’s holdings in Amazon.com were worth $7,705,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Strong Tower Advisory Services grew its holdings in Amazon.com by 3.9% during the 1st quarter. Strong Tower Advisory Services now owns 59,845 shares of the e-commerce giant’s stock worth $12,464,000 after acquiring an additional 2,235 shares in the last quarter. Forbes J M & Co. LLP raised its holdings in shares of Amazon.com by 0.5% in the 1st quarter. Forbes J M & Co. LLP now owns 191,131 shares of the e-commerce giant’s stock valued at $39,807,000 after purchasing an additional 902 shares in the last quarter. Sky Investment Group LLC lifted its position in shares of Amazon.com by 7.6% during the 1st quarter. Sky Investment Group LLC now owns 39,539 shares of the e-commerce giant’s stock worth $8,235,000 after purchasing an additional 2,808 shares during the last quarter. JDH Wealth Management LLC lifted its position in shares of Amazon.com by 1.8% during the 1st quarter. JDH Wealth Management LLC now owns 2,924 shares of the e-commerce giant’s stock worth $609,000 after purchasing an additional 52 shares during the last quarter. Finally, First Community Trust NA grew its stake in shares of Amazon.com by 3.7% during the first quarter. First Community Trust NA now owns 12,080 shares of the e-commerce giant’s stock worth $2,516,000 after purchasing an additional 429 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $31,427,876.40. This trade represents a 1.93% 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. Insiders have sold 195,774 shares of company stock valued at $51,614,434 in the last 90 days. Company insiders own 8.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on AMZN
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Prime Day demand appears to be supporting sentiment, with reports of strong early online spending and investor expectations for a Q2 revenue beat. Reuters: US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
- Positive Sentiment: Amazon’s Zoox autonomous vehicle unit unveiled a redesigned robotaxi and said it is preparing for larger-scale production and a wider commercial rollout later this year, reinforcing the company’s long-term optionality in mobility. CNBC: Amazon’s Zoox unveils redesigned robotaxi ahead of upcoming expansion
- Positive Sentiment: Wall Street commentary remains constructive, with analysts and major investors highlighting Amazon’s AWS growth, AI shopping tools, and advertising/Prime businesses as reasons the stock can keep compounding over time. Benzinga: Cathie Wood Is Rebuilding The Magnificent 7 Trade
- Neutral Sentiment: Amazon’s AWS and AI teams continue to promote new capabilities, including expanded Bedrock functionality and commentary that AI will reshape white-collar work rather than eliminate it, which supports the long-term AI narrative but does not create an immediate catalyst. Zacks: Amazon Strengthens Bedrock Ecosystem: What’s Next for Enterprise AI?
- Negative Sentiment: Some investors remain concerned that heavy AI infrastructure spending and Prime Day timing shifts could pressure future comparisons, and Amazon has also faced added noise from labor and regulatory headlines. MarketBeat: Amazon’s Pullback Deepens as a New FTC Risk Hits the Stock
Amazon.com Stock Performance
Shares of AMZN stock opened at $234.24 on Thursday. The stock’s 50-day moving average is $256.29 and its two-hundred day moving average is $234.16. The firm has a market cap of $2.52 trillion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.75 and a beta of 1.44. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. 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 (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. Analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.
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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