Horrell Capital Management Inc. Has $5.86 Million Stake in Amazon.com, Inc. $AMZN

Horrell Capital Management Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 1st quarter, HoldingsChannel reports. The firm owned 28,156 shares of the e-commerce giant’s stock after selling 2,391 shares during the quarter. Amazon.com makes up 2.7% of Horrell Capital Management Inc.’s portfolio, making the stock its 13th biggest position. Horrell Capital Management Inc.’s holdings in Amazon.com were worth $5,864,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its holdings in Amazon.com by 10.7% in the first quarter. Kestra Advisory Services LLC now owns 1,627,419 shares of the e-commerce giant’s stock worth $338,943,000 after acquiring an additional 157,522 shares in the last quarter. Money Concepts Capital Corp increased its holdings in shares of Amazon.com by 2.8% during the first quarter. Money Concepts Capital Corp now owns 46,527 shares of the e-commerce giant’s stock valued at $9,690,000 after acquiring an additional 1,258 shares in the last quarter. Granite Investment Partners LLC increased its holdings in shares of Amazon.com by 0.3% during the first quarter. Granite Investment Partners LLC now owns 178,135 shares of the e-commerce giant’s stock valued at $37,100,000 after acquiring an additional 577 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Amazon.com by 2.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 3,208,026 shares of the e-commerce giant’s stock worth $663,517,000 after buying an additional 72,367 shares during the last quarter. Finally, Griffith & Werner Inc. raised its holdings in shares of Amazon.com by 19.8% in the 1st quarter. Griffith & Werner Inc. now owns 37,793 shares of the e-commerce giant’s stock worth $7,871,000 after acquiring an additional 6,248 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.1%

Shares of NASDAQ AMZN opened at $249.99 on Tuesday. The business has a 50-day simple moving average of $250.45 and a two-hundred day simple moving average of $236.08. The company has a market cap of $2.69 trillion, a P/E ratio of 29.90, a P/E/G ratio of 1.84 and a beta of 1.46. 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 posted its earnings results 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 analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. During the same quarter in the prior year, the firm posted $1.59 EPS. Amazon.com’s revenue was up 16.6% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total transaction of $239,770.00. Following the transaction, the chief executive officer owned 484,527 shares in the company, valued at $116,175,038.79. The trade was a 0.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 144,274 shares of company stock valued at $38,716,204 over the last quarter. Company insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wedbush began coverage on Amazon.com in a report on Thursday, July 16th. They set an “outperform” rating and a $293.00 price target for the company. BNP Paribas Exane upped their target price on shares of Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. KeyCorp set a $335.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a report on Thursday. Moffett Nathanson increased their price objective on shares of Amazon.com from $283.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Piper Sandler set a $330.00 target price on Amazon.com in a research note on Thursday, June 11th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.76.

Amazon.com News Roundup

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

• Positive Sentiment: Several articles highlighted Amazon’s AI buildout, including strong demand for its Trainium chips and a large AWS backlog, reinforcing the view that Amazon’s capex may translate into future earnings power. What Is Going on With Amazon Stock on Monday?
• Positive Sentiment: Analysts are increasingly optimistic ahead of Amazon’s July 30 earnings report, with expectations for AWS growth to accelerate and retail trends to remain solid, which supports the stock’s move higher. Amazon’s AI Spending Is About to Face Its Most Important AWS Test Yet
• Positive Sentiment: Multiple bullish pieces argued Amazon is undervalued and a “no-brainer” buy because AI infrastructure spending and cloud economics could drive a future margin inflection. Undervalued and Winning the AI Hyperscaler War: 3 Reasons Amazon is a No-Brainer Right Now
• Positive Sentiment: Investor coverage also pointed to continued support from large holders and prominent investors such as Ray Dalio and David Tepper, which can reinforce confidence in AMZN as an AI megacap winner. Billionaire Investor David Tepper’s Top 5 Stocks
• Neutral Sentiment: One article noted Amazon closed another facility and cut nearly 500 jobs, but it appears tied to logistics optimization rather than a major strategic setback. Amazon closes another major facility, nearly 500 workers affected
• Neutral Sentiment: Some commentary questioned Amazon’s free cash flow because of heavy AI capital spending, but these concerns were outweighed today by optimism about future AWS and chip returns. Big Tech Is Minting Mountains of Cash — But Amazon’s Is Vanishing

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.