First American Bank Has $52.48 Million Stake in Amazon.com, Inc. $AMZN

First American Bank increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 252,000 shares of the e-commerce giant’s stock after purchasing an additional 4,063 shares during the quarter. Amazon.com makes up 3.3% of First American Bank’s portfolio, making the stock its 6th largest holding. First American Bank’s holdings in Amazon.com were worth $52,484,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. KFG Wealth Management LLC boosted its stake in Amazon.com by 18.9% during the first quarter. KFG Wealth Management LLC now owns 8,672 shares of the e-commerce giant’s stock worth $1,806,000 after buying an additional 1,379 shares in the last quarter. Norway Savings Bank raised its stake in shares of Amazon.com by 4.6% in the 1st quarter. Norway Savings Bank now owns 32,769 shares of the e-commerce giant’s stock valued at $6,825,000 after buying an additional 1,453 shares in the last quarter. Leeward Financial Partners LLC lifted its holdings in shares of Amazon.com by 2.2% during the 1st quarter. Leeward Financial Partners LLC now owns 56,008 shares of the e-commerce giant’s stock worth $11,665,000 after acquiring an additional 1,229 shares during the period. Arta Finance Wealth Management LLC lifted its holdings in shares of Amazon.com by 8.2% during the 1st quarter. Arta Finance Wealth Management LLC now owns 34,857 shares of the e-commerce giant’s stock worth $7,260,000 after acquiring an additional 2,646 shares during the period. Finally, Financial Enhancement Group LLC boosted its position in shares of Amazon.com by 17.7% during the 1st quarter. Financial Enhancement Group LLC now owns 2,906 shares of the e-commerce giant’s stock valued at $605,000 after acquiring an additional 437 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,467 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 dated Monday, June 1st. The stock was sold at an average price of $266.19, for a total value of $266,190.00. Following the transaction, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at $129,242,432.13. This represents 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. Over the last three months, insiders have sold 194,774 shares of company stock worth $51,403,934. 8.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Needham & Company LLC increased their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. HSBC lifted 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. Guggenheim reissued a “buy” rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. DZ Bank increased their target price on shares of Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Pivotal Research reiterated a “buy” rating and issued a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.78.

Amazon.com Price Performance

AMZN opened at $241.70 on Thursday. The stock has a market cap of $2.60 trillion, a P/E ratio of 28.91, a P/E/G ratio of 1.78 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $254.97 and a 200 day simple moving average of $234.39. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. On average, research analysts expect that Amazon.com, Inc. will post 7.71 EPS for the current year.

Amazon.com News Roundup

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

• Positive Sentiment: Reuters reported that online spending rose 5.3% on the first day of Amazon’s Prime Day event, reinforcing expectations for strong e-commerce sales and helping lift sentiment around AMZN. Online Spending Rises 5.3% on First Day of Amazon’s (AMZN) Prime Day, Reuters Reports
• Positive Sentiment: Amazon disclosed a new $1 billion AWS Forward Deployed Engineering unit, aimed at embedding AI engineers with customers to speed enterprise AI adoption — a sign that management sees AI services as a major growth driver for AWS. Amazon’s AWS commits $1 billion toward new unit for embedded AI engineers
• Positive Sentiment: Amazon’s Prime promotions for fuel and grocery discounts around the July 4 holiday may support membership engagement and near-term retail traffic, adding another tailwind to the consumer story. From the Gas Pump to the Grill: Prime Introduces Summer Savings Just in Time for the Fourth of July
• Positive Sentiment: Several market commentators said Amazon could benefit from rising cloud budgets and broader AI spending, with some analysts arguing AWS is positioned to reap rewards from the enterprise software spending boom. Amazon Could Be About to Reap the Rewards of a Software Spending Boom
• Neutral Sentiment: Meta’s reported push into cloud infrastructure may increase competition for AWS over time, but the move also underscores the strength of the cloud/AI market that Amazon is competing in. Meta Plans Cloud Business to Take on Big Tech Rivals
• Neutral Sentiment: Amazon is also facing headline risk from Australia’s lawsuit over Prime Video ad terms and a separate FTC settlement, but those developments appear more like manageable legal overhangs than a change to the company’s core growth narrative. Australia sues Amazon unit over alleged breach via Prime Video ads

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.