Arta Finance Wealth Management LLC Grows Position in Amazon.com, Inc. $AMZN

Arta Finance Wealth Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the first quarter, HoldingsChannel.com reports. The fund owned 34,857 shares of the e-commerce giant’s stock after purchasing an additional 2,646 shares during the period. Amazon.com accounts for 3.6% of Arta Finance Wealth Management LLC’s holdings, making the stock its 11th biggest position. Arta Finance Wealth Management LLC’s holdings in Amazon.com were worth $7,260,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMZN. Brighton Jones LLC lifted its stake in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its stake in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $2,153,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.4%

Shares of AMZN opened at $241.70 on Thursday. The company’s fifty day moving average is $254.97 and its 200 day moving average is $234.39. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The stock has a market capitalization of $2.60 trillion, a PE ratio of 28.91, a P/E/G ratio of 1.78 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter last year, the business earned $1.59 earnings per share. Amazon.com’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal 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

Analysts Set New Price Targets

Several research analysts have weighed in on AMZN shares. DZ Bank upped their price target on Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho boosted their target price on shares of Amazon.com from $315.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Telsey Advisory Group upped their target price on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Roth Mkm raised their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, UBS Group set a $315.00 price target on shares of Amazon.com in a report on Monday, June 1st. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $312.78.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the business’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 $8,621,800.00. Following the sale, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $11,060,750.70. This trade represents a 18.37% 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. In the last three months, insiders have sold 194,774 shares of company stock worth $51,403,934. Insiders own 8.90% of the company’s stock.

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.