LM Advisors LLC Cuts Stake in Amazon.com, Inc. $AMZN

LM Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 76.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,137 shares of the e-commerce giant’s stock after selling 207,272 shares during the period. LM Advisors LLC’s holdings in Amazon.com were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $591,000. DE Burlo Group Inc. increased its stake in shares of Amazon.com by 11.6% during the fourth quarter. DE Burlo Group Inc. now owns 172,835 shares of the e-commerce giant’s stock valued at $39,894,000 after buying an additional 17,910 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of Amazon.com by 2.8% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 297,440 shares of the e-commerce giant’s stock valued at $68,706,000 after buying an additional 8,214 shares during the period. Dockside LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $4,124,000. Finally, E6 Portfolios LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at $463,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $238.55 on Monday. The business’s 50 day moving average price is $253.49 and its 200 day moving average price is $233.67. The firm has a market cap of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its 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. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their position. The transaction was disclosed in a document filed 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 the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,427,876.40. This represents a 1.93% 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 quarter, insiders have sold 195,774 shares of company stock worth $51,614,434. Corporate insiders own 8.90% of the company’s stock.

Key Amazon.com News

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

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. TD Cowen restated a “buy” rating and set a $350.00 price target on shares of Amazon.com in a research note on Tuesday, May 12th. HSBC lifted their target price on Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Bank of America lifted their target price on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Piper Sandler set a $330.00 target price on Amazon.com in a research note on Thursday. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $312.78.

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.