Amazon.com, Inc. $AMZN Shares Purchased by Pachira Investments Inc.

Pachira Investments Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 36.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,753 shares of the e-commerce giant’s stock after buying an additional 2,066 shares during the quarter. Amazon.com comprises 0.9% of Pachira Investments Inc.’s portfolio, making the stock its 29th largest position. Pachira Investments Inc.’s holdings in Amazon.com were worth $1,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. RIA Advisory Group LLC raised its stake in Amazon.com by 8.4% during the fourth quarter. RIA Advisory Group LLC now owns 28,703 shares of the e-commerce giant’s stock valued at $6,625,000 after buying an additional 2,220 shares in the last quarter. Summit Wealth & Retirement Planning Inc. raised its stake in Amazon.com by 9.6% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 4,524 shares of the e-commerce giant’s stock valued at $1,044,000 after buying an additional 395 shares in the last quarter. Provident Trust Co. raised its stake in Amazon.com by 9.5% during the fourth quarter. Provident Trust Co. now owns 1,618 shares of the e-commerce giant’s stock valued at $373,000 after buying an additional 140 shares in the last quarter. Core Alternative Capital raised its stake in Amazon.com by 37.1% during the fourth quarter. Core Alternative Capital now owns 37,172 shares of the e-commerce giant’s stock valued at $8,580,000 after buying an additional 10,063 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV raised its stake in Amazon.com by 9.1% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 29,691 shares of the e-commerce giant’s stock valued at $6,853,000 after buying an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Investor sentiment remains constructive after multiple articles highlighted Amazon’s strong AI and AWS growth potential, margin expansion case, and bullish analyst views, including recent buy/overweight ratings and price targets well above current levels. Article Title
• Positive Sentiment: Amazon’s latest quarterly revenue of $181.5 billion, up 16.6% year over year, reinforces the view that the business is still expanding at a healthy pace. Article Title
• Positive Sentiment: The stock is also being included in broader market “buy zone” and AI-leader discussions, suggesting traders still see Amazon as a favored large-cap growth name. Article Title

Amazon.com Stock Down 0.4%

AMZN opened at $265.29 on Wednesday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a market cap of $2.85 trillion, a P/E ratio of 31.73, a P/E/G ratio of 1.99 and a beta of 1.46. The stock’s 50 day moving average price is $241.79 and its 200 day moving average price is $231.93.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating 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 firm had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Monness Crespi & Hardt increased their price target on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Telsey Advisory Group increased their price target on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Wolfe Research reiterated an “outperform” rating and set a $320.00 price target (up from $245.00) on shares of Amazon.com in a research report on Thursday, April 30th. DZ Bank increased their price target on Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Bank of America increased their price target on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.66.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,427,876.40. This trade represents a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 195,774 shares of company stock worth $51,552,494 over the last quarter. Insiders own 8.90% of the company’s stock.

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.