Manhattan West Asset Management LLC Has $18.06 Million Holdings in Amazon.com, Inc. $AMZN

Manhattan West Asset Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,240 shares of the e-commerce giant’s stock after selling 3,410 shares during the period. Amazon.com makes up about 3.7% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Manhattan West Asset Management LLC’s holdings in Amazon.com were worth $18,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Everest Management Corp. lifted its holdings in shares of Amazon.com by 224.6% during the 4th quarter. Everest Management Corp. now owns 23,800 shares of the e-commerce giant’s stock worth $5,494,000 after acquiring an additional 16,469 shares during the period. Acorn Creek Capital LLC lifted its holdings in shares of Amazon.com by 1.6% during the 4th quarter. Acorn Creek Capital LLC now owns 9,251 shares of the e-commerce giant’s stock worth $2,135,000 after acquiring an additional 143 shares during the period. CapWealth Advisors LLC lifted its holdings in shares of Amazon.com by 0.9% during the 4th quarter. CapWealth Advisors LLC now owns 89,680 shares of the e-commerce giant’s stock worth $20,700,000 after acquiring an additional 784 shares during the period. One Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 6.9% during the 4th quarter. One Wealth Advisors LLC now owns 19,153 shares of the e-commerce giant’s stock worth $4,421,000 after acquiring an additional 1,228 shares during the period. Finally, Essex Bank lifted its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Essex Bank now owns 35,260 shares of the e-commerce giant’s stock worth $8,139,000 after acquiring an additional 1,126 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the completion of the transaction, the director directly owned 78,654 shares of the company’s stock, valued at approximately $20,450,040. This represents a 4.67% decrease in their ownership of the stock. 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. In the last 90 days, insiders sold 146,773 shares of company stock valued at $37,989,011. Insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Rosenblatt Securities raised their price objective on shares of Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Daiwa Securities Group cut their price target on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Wedbush cut their price target on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 6th. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. Finally, Guggenheim reissued a “buy” rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a report 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.66.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $266.32 on Monday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The company has a market cap of $2.86 trillion, a PE ratio of 31.86, a P/E/G ratio of 1.99 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $239.50 and a two-hundred day moving average of $231.70.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Bank of America reiterated a Buy rating and raised its price target to $310, saying Amazon’s AI-powered shopping tools could help defend and expand its retail franchise. BofA Pounds the Table on Amazon (AMZN) Stock, Sets $310 Price Target
• Positive Sentiment: Analysts and market commentary highlighted Amazon’s breakout above key technical levels and said the stock remains in a bullish setup, which can attract momentum buyers. Amazon (AMZN) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Recent coverage from multiple outlets pointed to Amazon’s AI initiatives, including Alexa for Shopping, as a potential long-term growth driver for retail and advertising. Amazon’s Alexa for Shopping seen driving long-term retail growth
• Positive Sentiment: Jeff Bezos and other supporters defended heavy AI spending, and Bill Ackman reportedly added to Amazon, reinforcing the idea that major investors still see upside in the stock. Billionaire Bill Ackman Piled Into Amazon and Microsoft and Slashed His Fund’s Mammoth Stake in This AI Kingpin by 95%
• Neutral Sentiment: Amazon shareholders re-elected the board and approved the existing pay and governance framework, signaling continuity rather than a major corporate change. Amazon Shareholders Back Board, Pay and Governance Status Quo
• Negative Sentiment: Amazon also faced fresh criticism from U.K. lawmakers over delivery practices, which could add regulatory pressure to the company’s logistics and marketplace operations. Amazon (AMZN) Hit with New Accusation From U.K. Lawmakers

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.