North Star Asset Management Inc. Raises Holdings in Amazon.com, Inc. $AMZN

North Star Asset Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 225,424 shares of the e-commerce giant’s stock after buying an additional 2,069 shares during the quarter. Amazon.com makes up approximately 2.1% of North Star Asset Management Inc.’s investment portfolio, making the stock its 8th largest position. North Star Asset Management Inc.’s holdings in Amazon.com were worth $52,032,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. State Street Corp grew its position in shares of Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after acquiring an additional 7,584,156 shares during the period. Geode Capital Management LLC grew its position in shares of Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,438,011,000. Finally, Northern Trust Corp boosted its holdings in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after buying an additional 302,858 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction on Monday, June 1st. The shares were sold at an average price of $266.19, for a total transaction of $266,190.00. Following the completion of the sale, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at approximately $129,242,432.13. The trade was a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of Amazon.com 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 sale, 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 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. Insiders sold a total of 195,774 shares of company stock worth $51,614,434 in the last three months. 8.90% of the stock is owned by insiders.

Amazon.com Stock Down 3.1%

Shares of NASDAQ:AMZN opened at $246.03 on Friday. The firm has a fifty day moving average price of $249.87 and a two-hundred day moving average price of $232.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a market cap of $2.65 trillion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.84 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter last year, the company posted $1.59 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AMZN shares. TD Cowen reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Amazon.com in a report on Tuesday, May 12th. Maxim Group raised their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. DZ Bank raised their price objective on shares of Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Bank of America raised their price objective on shares of Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, TD Securities raised shares of Amazon.com to a “buy” rating in a report on Monday, April 13th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $312.52.

More Amazon.com News

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

• Positive Sentiment: Amazon’s latest AI and logistics push is a major bullish catalyst: the company unveiled an upgraded warehouse robot and is backing a €10 billion expansion of its European fulfillment network, which should support faster shipping, lower costs, and better operating efficiency. Reuters: Amazon unveils new AI warehouse robot in $12 billion Europe push
• Positive Sentiment: Amazon Web Services continues to win large contracts, including Pinterest’s $4 billion cloud deal through 2031, reinforcing AWS’s role as a key AI infrastructure beneficiary. Reuters: Pinterest signs $4 billion Amazon deal for cloud services
• Positive Sentiment: Several recent market commentary pieces highlighted Amazon’s growing AI, cloud, and advertising opportunities, with analysts continuing to frame AMZN as a long-duration AI winner. MarketBeat: Amazon.com stock and related coverage
• Neutral Sentiment: Amazon’s CEO Douglas Herrington sold 1,000 shares under a pre-arranged trading plan. The sale is small, but insider selling can still create some short-term caution. MarketBeat: Amazon.com insider trades
• Negative Sentiment: Amazon is facing fresh scrutiny over its aggressive AI spending, with employees publicly criticizing massive data-center investment while layoffs continue. That keeps cost and labor concerns front and center. CNBC: Amazon engineers in Seattle slam employer for building AI data centers while laying off staffers
• Negative Sentiment: Rising shipping costs tied to Middle East conflict could pressure Amazon’s retail margins ahead of Prime Day, adding another near-term headwind. Yahoo Finance: Iran war raises shipping costs ahead of Amazon Prime Day
• Negative Sentiment: Amazon also faces ongoing regulatory and reputational pressure from data-center pushback and privacy-related concerns around Ring, which may weigh on sentiment even if the long-term business outlook remains strong. Reuters: Texas grid flags risks as data centers, crypto sites fail voltage tests

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.