Fischer Financial Services Inc. Sells 29,099 Shares of Amazon.com, Inc. $AMZN

Fischer Financial Services Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 86.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,560 shares of the e-commerce giant’s stock after selling 29,099 shares during the period. Fischer Financial Services Inc.’s holdings in Amazon.com were worth $950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Interactive Financial Advisors Inc. grew its holdings in Amazon.com by 4.4% during the 1st quarter. Interactive Financial Advisors Inc. now owns 1,573 shares of the e-commerce giant’s stock worth $328,000 after acquiring an additional 67 shares during the last quarter. Baxter Bros Inc. raised its stake in Amazon.com by 6.9% during the first quarter. Baxter Bros Inc. now owns 77,229 shares of the e-commerce giant’s stock worth $16,084,000 after buying an additional 5,014 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in Amazon.com by 1.5% in the first quarter. Greatmark Investment Partners Inc. now owns 99,004 shares of the e-commerce giant’s stock valued at $20,620,000 after buying an additional 1,450 shares during the period. Kiley Juergens Wealth Management LLC lifted its holdings in Amazon.com by 1.0% in the first quarter. Kiley Juergens Wealth Management LLC now owns 96,481 shares of the e-commerce giant’s stock valued at $20,094,000 after buying an additional 990 shares during the period. Finally, Canvas Wealth Advisors LLC boosted its position in Amazon.com by 25.1% during the first quarter. Canvas Wealth Advisors LLC now owns 111,684 shares of the e-commerce giant’s stock valued at $23,261,000 after acquiring an additional 22,392 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $247.27 on Friday. The company has a 50 day moving average of $250.83 and a 200 day moving average of $235.93. 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 stock has a market cap of $2.66 trillion, a P/E ratio of 29.58, a P/E/G ratio of 1.86 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS 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 firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the business earned $1.59 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon’s AWS and AI spend remain a major growth story, with reports of a roughly $200 billion 2026 AI investment plan and large future commitments for Trainium chips supporting the bullish thesis. Andy Jassy Says Amazon’s Chip Business Already Has $225 Billion in Commitments
• Positive Sentiment: Analysts remained upbeat on Amazon, with fresh coverage and higher targets pointing to continued confidence in AWS re-acceleration and AI-driven earnings growth. KeyBanc Raises Amazon Stock’s Price Target Ahead of Earnings: Here’s What to Watch
• Positive Sentiment: June retail sales and online spending were strong, which is a helpful signal for Amazon’s e-commerce business heading into back-to-school season. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge
• Neutral Sentiment: Amazon is still being compared favorably in the “Magnificent Seven” and AI hyperscaler debates, which keeps the stock in focus but is more commentary than a direct catalyst. The Race to Beat Nvidia: Does Google or Amazon Have the Better In-House Silicon
• Negative Sentiment: Zoox recalled 105 robotaxis after a software issue involving heavy smoke detection, adding a near-term headline risk to Amazon’s autonomous vehicle unit. Zoox recalls self-driving cars because they may not detect smoke
• Negative Sentiment: An AWS billing bug briefly generated wildly inflated invoices for some customers, which could dent sentiment around cloud reliability even though Amazon says it is fixing the issue. Amazon fixing bug that billed some AWS customers billions of dollars

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Piper Sandler set a $330.00 price target on Amazon.com in a report on Thursday, June 11th. Monness Crespi & Hardt boosted their target price on Amazon.com from $280.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. KeyCorp set a $335.00 target price on Amazon.com and gave the company an “overweight” rating in a research report on Thursday. Finally, BNP Paribas Exane boosted their price target on shares of Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $312.76.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the transaction, the chief executive officer owned 471,361 shares of the company’s stock, valued at $129,624,275. This represents a 5.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction on 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 in the company, valued at approximately $598,335,650. This represents a 1.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 144,274 shares of company stock worth $38,716,204. 8.90% of the stock is owned by corporate insiders.

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.