SP Asset Management LLC Grows Stock Position in Amazon.com, Inc. $AMZN

SP Asset Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,178 shares of the e-commerce giant’s stock after buying an additional 4,932 shares during the quarter. Amazon.com comprises approximately 2.4% of SP Asset Management LLC’s holdings, making the stock its 11th largest holding. SP Asset Management LLC’s holdings in Amazon.com were worth $29,681,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Amazon.com during the 2nd quarter valued at about $27,438,011,000. Nuveen LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after buying an additional 12,122,668 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $310.00 price objective (up previously from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. TD Cowen reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Canaccord Genuity Group set a $300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Finally, Rothschild & Co Redburn set a $230.00 target price on shares of Amazon.com in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $287.29.

Amazon.com Price Performance

Shares of AMZN opened at $205.27 on Tuesday. The company has a 50 day moving average price of $227.87 and a 200-day moving average price of $228.15. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The stock has a market capitalization of $2.20 trillion, a PE ratio of 28.63, a PEG ratio of 1.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The business had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon announced a $12 billion plan to build AI-focused data center campuses in Louisiana, reinforcing AWS’s capacity for AI workloads and signaling long-term revenue support from cloud/AI demand. Amazon plans $12 billion data center buildout in Louisiana
• Positive Sentiment: Wall Street and large investors are still backing Amazon: multiple firms maintain Buy/Top-AI-pick ratings and some high-profile investors added exposure in Q4, supporting the case that the pullback may be narrative-driven rather than fundamental. Analysts maintain buy on Amazon
• Positive Sentiment: Investor commentary argues the heavy CapEx should be viewed as growth investment (AWS, custom chips and ads/retail AI) that can materially increase future cash flow; some analysts and commentators call the current pullback a buying opportunity. How I Learned To Stop Worrying And Love The CapEx
• Neutral Sentiment: Market/technical context: coverage notes AMZN is in a short-term bear market and trading near key support (~$200); fundamentals (revenue and AWS growth) remain intact but volatility is expected while investors wait for payoff on capex. (MarketBeat coverage)
• Neutral Sentiment: Competitive/industry note — SpaceX/Starlink moves to lower-cost/free hardware intensify competition in connectivity (Kuiper), a peripheral but watchable headwind for parts of Amazon’s connectivity and edge ambitions. Elon Musk says ‘nothing to do’ with Amazon’s Kuiper as Starlink moves to offer free hardware
• Negative Sentiment: Berkshire Hathaway significantly reduced its AMZN holding (reported large stake reduction), which is an influential headline that can amplify selling pressure and investor nervousness around timing and valuation. Before Retiring, Warren Buffett Dumped 77% of Berkshire’s Stake in Amazon
• Negative Sentiment: Broader sell-off drivers: the $200B AI capex plan (and guidance that 2026 spending will spike) has spooked investors about near-term free-cash-flow pressure and ROI timing — some outlets warn the sell-off may continue until clearer returns materialize. Why The Amazon Stock Sell-Off Isn’t Over Yet

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $198.37, for a total value of $949,002.08. Following the completion of the transaction, the chief executive officer directly owned 512,109 shares of the company’s stock, valued at approximately $101,587,062.33. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 8,284 shares of company stock valued at $1,740,052. Company insiders own 10.80% of the company’s stock.

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.