Rockport Wealth LLC Sells 3,386 Shares of Amazon.com, Inc. $AMZN

Rockport Wealth LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,038 shares of the e-commerce giant’s stock after selling 3,386 shares during the quarter. Amazon.com makes up about 2.8% of Rockport Wealth LLC’s portfolio, making the stock its 13th biggest position. Rockport Wealth LLC’s holdings in Amazon.com were worth $15,220,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its position in Amazon.com by 3.0% during the 1st quarter. Wealthfront Advisers LLC now owns 1,230,756 shares of the e-commerce giant’s stock worth $256,330,000 after acquiring an additional 35,392 shares during the last quarter. Sharpepoint LLC raised its holdings in shares of Amazon.com by 4.1% in the first quarter. Sharpepoint LLC now owns 19,379 shares of the e-commerce giant’s stock valued at $4,036,000 after purchasing an additional 763 shares during the last quarter. Navigation Group LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $796,000. NerdWallet Wealth Partners LLC lifted its position in shares of Amazon.com by 7.2% in the first quarter. NerdWallet Wealth Partners LLC now owns 5,353 shares of the e-commerce giant’s stock worth $1,115,000 after purchasing an additional 358 shares in the last quarter. Finally, Blackhawk Capital Partners LLC lifted its position in shares of Amazon.com by 1.7% in the first quarter. Blackhawk Capital Partners LLC now owns 34,896 shares of the e-commerce giant’s stock worth $7,268,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $280.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a research report on Tuesday. TD Securities upgraded shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. HSBC raised their price objective on Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Arete Research lifted their target price on Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $313.43.

Amazon.com Price Performance

NASDAQ:AMZN opened at $230.86 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.73 and a beta of 1.46. The stock’s 50 day moving average price is $247.03 and its two-hundred day moving average price is $236.20. 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, topping the consensus estimate of $1.63 by $1.15. The company 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%.The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 7.76 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon Web Services received several new business boosts. AI company Recursive Superintelligence announced a $400 million AWS compute agreement, while Ryanair extended its AWS AI partnership. These deals support the view that accelerating cloud and AI demand could help justify Amazon’s large infrastructure investments. Recursive Superintelligence AWS deal
• Positive Sentiment: Amazon is expanding potential growth markets. Prime Video will carry exclusive NHL playoff games in Canada, and Amazon Leo is seeking approval for as many as 5,105 satellites to provide direct-to-device voice and data services beginning in 2028. The satellite initiative, supported by Amazon’s planned Globalstar acquisition, could broaden its connectivity opportunity but will require substantial investment. Amazon satellite network
• Positive Sentiment: Bank of America reportedly sees a sizable mark-to-market gain from Amazon’s approximately $13 billion Anthropic stake, offering a potential valuation boost when results are released. Analysts remain broadly bullish; Mizuho lowered its target modestly to $320 while retaining an outperform rating. Amazon’s Anthropic stake
• Neutral Sentiment: Amazon is reportedly winding down many Nova AI models and reorganizing its AI teams around a new frontier-model effort. Management may be reallocating resources toward a more competitive product, but the change also raises questions about execution and the returns on prior AI spending. Amazon AI strategy overhaul
• Negative Sentiment: Options markets imply an unusually large move of about 6.9% around earnings. Investors will focus on AWS growth, operating margins, free cash flow, Prime Day effects and whether Amazon raises its already-heavy capital-spending outlook. Short sellers are also increasing positions ahead of the report, reflecting elevated downside risk. Amazon earnings volatility

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 484,527 shares in the company, valued at approximately $116,175,038.79. This represents a 0.21% 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. Insiders have sold 140,425 shares of company stock worth $37,715,464 in the last quarter. Company insiders own 8.90% 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.