Pilgrim Partners Asia Pte Ltd Cuts Stock Position in Amazon.com, Inc. $AMZN

Pilgrim Partners Asia Pte Ltd lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,565 shares of the e-commerce giant’s stock after selling 3,555 shares during the period. Amazon.com accounts for approximately 1.4% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 14th biggest position. Pilgrim Partners Asia Pte Ltd’s holdings in Amazon.com were worth $2,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its holdings in Amazon.com by 0.8% in the fourth quarter. Kingstone Capital Partners Texas LLC now owns 31,095 shares of the e-commerce giant’s stock worth $7,177,000 after acquiring an additional 248 shares in the last quarter. Garner Asset Management Corp increased its holdings in shares of Amazon.com by 0.6% during the fourth quarter. Garner Asset Management Corp now owns 23,580 shares of the e-commerce giant’s stock valued at $5,443,000 after acquiring an additional 130 shares in the last quarter. Liberty Atlantic Advisors LLC purchased a new position in shares of Amazon.com in the 4th quarter worth about $565,000. Alpha Cubed Investments LLC raised its position in shares of Amazon.com by 5.6% in the 4th quarter. Alpha Cubed Investments LLC now owns 612,612 shares of the e-commerce giant’s stock worth $141,403,000 after purchasing an additional 32,296 shares during the last quarter. Finally, Cresta Advisors Ltd. boosted its stake in Amazon.com by 8.2% in the 4th quarter. Cresta Advisors Ltd. now owns 18,184 shares of the e-commerce giant’s stock worth $4,197,000 after purchasing an additional 1,375 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other 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 transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,427,876.40. This represents a 1.93% decrease in their position. The transaction was disclosed in a filing 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 Amazon.com stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,774 shares of company stock worth $51,552,494. 8.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Daiwa Securities Group decreased their target price 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. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Thursday, April 30th. Morgan Stanley raised their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $312.66.

Amazon.com Stock Performance

Shares of AMZN stock opened at $274.00 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $244.17 and a 200-day moving average price of $232.34. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The firm has a market capitalization of $2.95 trillion, a PE ratio of 32.78, a P/E/G ratio of 2.04 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon Web Services got a major lift from news that Snowflake signed a $6 billion multiyear deal with AWS, underscoring strong demand for Amazon’s cloud infrastructure and AI-related chips. Article Title
• Positive Sentiment: Multiple analysts and market commentators remain bullish on AMZN, citing AWS acceleration, AI backlog growth, and margin expansion potential; UBS and Bank of America both reiterated constructive views and high price targets. Article Title
• Positive Sentiment: Amazon is also broadening its AI moat by making its shopping AI tools and potentially even SpaceX’s Grok models available through AWS, which could attract more enterprise customers and deepen platform usage. Article Title
• Positive Sentiment: Investor sentiment was helped by coverage arguing Amazon’s AI strategy is differentiated and that its cloud and retail ecosystem could remain a long-term winner as AI spending scales. Article Title
• Neutral Sentiment: Walmart’s expansion of 30-minute delivery adds competitive pressure in fast delivery, but it also confirms Amazon’s fulfillment model is still setting the pace in retail logistics. Article Title
• Negative Sentiment: Amazon’s local unit is facing an Australian regulator lawsuit over alleged missing warning labels on children’s backpacks with button batteries, creating a small legal and reputational headwind. Article Title
• Negative Sentiment: Some articles also pointed to heavy AI capex and insider selling, which may remind investors to watch margins and execution even as the growth narrative stays intact. Article Title

About Amazon.com

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.