Smithbridge Asset Management Inc. DE lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 34.9% during the first quarter, Holdings Channel reports. The firm owned 68,146 shares of the e-commerce giant’s stock after selling 36,583 shares during the quarter. Amazon.com makes up about 2.1% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 12th largest holding. Smithbridge Asset Management Inc. DE’s holdings in Amazon.com were worth $14,193,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co raised its position in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after purchasing an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP boosted its stake in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC purchased a new position in Amazon.com during the 1st quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. increased its stake in Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after purchasing an additional 25,017,588 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were 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 of the company’s stock, valued at $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. This trade represents a 5.51% 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. Over the last quarter, insiders sold 195,774 shares of company stock worth $51,643,704. Corporate insiders own 8.90% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Amazon.com
Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Several reports highlighted Amazon’s expanding AI/data-center buildout, including plans to increase capacity and a $25 billion bond sale to fund infrastructure, which bulls see as supporting long-term AWS growth. Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
- Positive Sentiment: Analyst coverage remained constructive, with BNP Paribas keeping an Outperform rating and a $345 target, while BofA raised its price target and cited improving sell-through trends for Amazon’s retail business. Amazon’s Valuation Looks Attractive Ahead of Earnings: Analyst
- Positive Sentiment: Articles also framed Amazon as a leading AI winner, noting that hyperscaler spending may be “pre-sold” through future demand and that Amazon’s valuation remains attractive relative to peers. Nervous About AI Spending? Buy the Stocks of These 3 Tech Giants.
- Neutral Sentiment: One story said Amazon is cheaper than Walmart and Costco on a key valuation metric, but the explanation was more about business mix than a clear near-term catalyst. Why Is Amazon so Much Cheaper Than Walmart and Costco? This Is the Only Answer I Can Think of.
- Negative Sentiment: Investors remain wary of Amazon’s heavy capex and rising debt needs, with some coverage warning that free cash flow has been squeezed as the company funds its AI expansion. Huge News for Amazon Stock Investors!
- Negative Sentiment: There were also headlines about Third Point trimming its Amazon stake and commentary about insider selling, which can add to short-term caution. Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%
Amazon.com Price Performance
Amazon.com stock traded down $1.70 during mid-day trading on Friday, reaching $245.34. The company had a trading volume of 31,617,563 shares, compared to its average volume of 58,414,680. The stock’s 50-day simple moving average is $253.04 and its 200-day simple moving average is $235.31. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market capitalization of $2.64 trillion, a P/E ratio of 29.35, a P/E/G ratio of 1.83 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released 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. The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the business posted $1.59 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 7.75 EPS for the current year.
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.
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