Makena Capital Management LLC Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Makena Capital Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,183 shares of the e-commerce giant’s stock after selling 26,227 shares during the quarter. Amazon.com makes up approximately 4.1% of Makena Capital Management LLC’s holdings, making the stock its 4th largest holding. Makena Capital Management LLC’s holdings in Amazon.com were worth $33,973,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Financial Partners Group Inc grew its stake in shares of Amazon.com by 0.3% in the fourth quarter. Financial Partners Group Inc now owns 68,346 shares of the e-commerce giant’s stock worth $16,355,000 after purchasing an additional 179 shares during the last quarter. Ridgeline Wealth Planning LLC grew its stake in shares of Amazon.com by 3.4% in the fourth quarter. Ridgeline Wealth Planning LLC now owns 3,232 shares of the e-commerce giant’s stock worth $746,000 after purchasing an additional 105 shares during the last quarter. LJI Wealth Management LLC grew its stake in shares of Amazon.com by 4.8% in the fourth quarter. LJI Wealth Management LLC now owns 14,198 shares of the e-commerce giant’s stock worth $3,277,000 after purchasing an additional 655 shares during the last quarter. Manning & Napier Advisors LLC grew its stake in shares of Amazon.com by 14.0% in the fourth quarter. Manning & Napier Advisors LLC now owns 1,276,629 shares of the e-commerce giant’s stock worth $296,855,000 after purchasing an additional 156,807 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Amazon.com by 17.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 638,406 shares of the e-commerce giant’s stock worth $147,357,000 after purchasing an additional 96,675 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Truist raised its price target on Amazon and reiterated a buy rating, signaling confidence that the stock still has room to climb from current levels.
• Positive Sentiment: Amazon’s investment in Anthropic is drawing attention after the AI startup’s valuation surged, with several reports noting that Amazon benefits as Anthropic grows and that the relationship could become an increasingly valuable long-term asset for AWS.
• Positive Sentiment: Snowflake’s $6 billion AWS commitment and strong earnings have highlighted continued enterprise demand for Amazon Web Services, supporting the view that Amazon’s cloud business remains a key growth engine.
• Positive Sentiment: Multiple stories emphasized Amazon’s AI momentum, including AWS’s fastest growth in 15 quarters and plans to expand Bedrock with more advanced model offerings, reinforcing expectations that AI will keep driving revenue and margin expansion.
• Positive Sentiment: Prominent investors and commentators, including Cathie Wood and Jim Cramer, were cited as bullish on Amazon, which can help sentiment around the stock. Article: Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
• Neutral Sentiment: Amazon shut down an internal AI leaderboard after employees exaggerated usage scores, a sign the company is trying to control AI spending and improve discipline rather than a direct business setback. Article: Amazon says it shut down a token leaderboard: ‘Don’t use AI just to use AI’
• Neutral Sentiment: Coverage around Amazon nearing the $3 trillion market-cap milestone and outperforming since earnings is supportive, but it mostly reflects momentum already built into the stock rather than a new catalyst.
• Negative Sentiment: Australia’s competition regulator sued Amazon’s local unit over children’s backpacks lacking required battery warning labels, adding a regulatory overhang.
• Negative Sentiment: Blue Origin’s rocket explosion created a negative headline for Jeff Bezos’s broader empire, though the direct impact on Amazon is limited.
• Negative Sentiment: Some commentary also raised concerns about rising AI capital spending and margin pressure, which could matter if Amazon’s infrastructure buildout accelerates faster than monetization.

Insider Activity

In other news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. The trade was a 52.21% 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. In the last three months, insiders have sold 194,774 shares of company stock worth $51,348,244. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $270.64 on Monday. The stock has a market cap of $2.91 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The firm’s 50-day simple moving average is $245.38 and its two-hundred day simple moving average is $232.50.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMZN shares. Wells Fargo & Company set a $312.00 target price on Amazon.com and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. DA Davidson raised their target price on Amazon.com from $175.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Moffett Nathanson boosted their price target on shares of Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com 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 data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.83.

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.