Nixon Peabody Trust Co. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,902 shares of the e-commerce giant’s stock after selling 7,540 shares during the quarter. Amazon.com accounts for approximately 3.0% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 8th biggest position. Nixon Peabody Trust Co.’s holdings in Amazon.com were worth $37,468,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lifelong Wealth Advisors Inc. increased its stake in Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock worth $402,000 after buying an additional 41 shares during the period. Financial Connections Group Inc. lifted its holdings in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock worth $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC boosted its position in Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock valued at $205,000 after buying an additional 43 shares during the period. Wernau Asset Management Inc. boosted its position in Amazon.com by 0.4% in the 1st quarter. Wernau Asset Management Inc. now owns 10,231 shares of the e-commerce giant’s stock valued at $2,131,000 after buying an additional 43 shares during the period. Finally, Western Financial Corp CA grew its stake in shares of Amazon.com by 1.5% in the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant’s stock worth $710,000 after acquiring an additional 44 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and an attractive valuation heading into the company’s upcoming quarterly report.
- Positive Sentiment: Wells Fargo raised its price target on Amazon, adding to the bullish analyst backdrop and reinforcing expectations for continued upside if earnings and cloud trends remain strong.
- Positive Sentiment: Several articles highlighted Amazon’s AI and cloud strengths, including optimism around AWS momentum, custom AI chips like Trainium, and the possibility that Amazon could broaden its AI compute business beyond internal use.
- Neutral Sentiment: Amazon’s planned $25 billion bond sale is part of its broader AI infrastructure buildout, showing management is still leaning into heavy investment to support future growth.
- Neutral Sentiment: Coverage also noted that Amazon is well positioned for future demand in data centers, cloud computing, and e-commerce, which keeps the long-term investment case intact despite near-term volatility.
- Negative Sentiment: The bond market showed weaker-than-average demand for Amazon’s debt offering and required wider concessions, signaling that investors may be getting more cautious about hyperscaler borrowing to fund AI spending.
- Negative Sentiment: New York’s move to pause new AI data centers, along with similar proposals in other states, could create a regulatory hurdle for Amazon’s future AI and cloud expansion plans.
- Negative Sentiment: Amazon’s shutdown plans in Quebec and ongoing criticism around AI-related job cuts also add a modest overhang on sentiment, though these issues appear less central than the financing and AI-growth debate.
Insiders Place Their Bets
Wall Street Analyst Weigh In
AMZN has been the topic of several analyst reports. Evercore increased their price objective on Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Oppenheimer boosted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. DA Davidson increased their target price on Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Canaccord Genuity Group raised their price target on Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, China Renaissance upped their price objective on Amazon.com from $300.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Fifty-seven equities research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $312.79.
Get Our Latest Stock Analysis on Amazon.com
Amazon.com Trading Up 0.1%
NASDAQ:AMZN opened at $247.49 on Wednesday. The stock’s 50 day moving average price is $252.16 and its 200 day moving average price is $235.57. The company has a market capitalization of $2.66 trillion, a PE ratio of 29.60, a P/E/G ratio of 1.84 and a beta of 1.46. 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, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 7.75 EPS for the current year.
Amazon.com Company 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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