Amazon.com, Inc. $AMZN is PUREfi Wealth LLC’s 8th Largest Position

PUREfi Wealth LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,054 shares of the e-commerce giant’s stock after purchasing an additional 3,235 shares during the quarter. Amazon.com accounts for about 2.2% of PUREfi Wealth LLC’s investment portfolio, making the stock its 8th largest holding. PUREfi Wealth LLC’s holdings in Amazon.com were worth $3,344,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Amazon.com during the 4th quarter valued at $32,868,735,000. Auto Owners Insurance Co boosted its position in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. J. Stern & Co. LLP increased its holdings in Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC purchased a new position in Amazon.com in the first quarter valued at about $11,674,091,000. Finally, Cardano Risk Management B.V. raised its position 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AMZN shares. Tigress Financial boosted their price target on Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Canaccord Genuity Group increased their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Pivotal Research reissued a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of Amazon.com from $310.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, Guggenheim restated a “buy” rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.76.

More Amazon.com News

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

• Positive Sentiment: Wedbush, Citizens JMP, and KeyBanc all reiterated bullish views on Amazon, with price targets implying meaningful upside and confidence that AWS re-acceleration and AI infrastructure demand can support earnings growth. Analyst coverage referenced in article feed
• Positive Sentiment: Multiple reports highlighted Amazon’s AI and cloud opportunity, including comments that AWS is the “star of the show,” that Amazon has a cost advantage in the AI data-center buildout, and that AI chip sales could become a large new business. Article title
• Positive Sentiment: June retail sales data and Prime Day commentary suggested Amazon continues to benefit from resilient consumer spending and online shopping strength, especially heading into back-to-school season. Article title
• Positive Sentiment: Technical coverage noted AMZN has moved back above its 50-day moving average, which traders often view as a short-term bullish signal. Article title
• Neutral Sentiment: Amazon’s warehouse automation and staffing software is drawing attention, but the pilot appears to be facing internal pushback rather than signaling a major business change. Article title
• Negative Sentiment: Investors remain wary about Amazon’s aggressive capex for AI and cloud infrastructure, with some commentary warning that heavy spending could weigh on free cash flow and near-term returns. Article title
• Negative Sentiment: AWS veteran Dave Brown’s departure after 19 years adds a bit of executive turnover risk to Amazon’s cloud unit, though replacement plans are already in place. Article title

Amazon.com Trading Down 2.0%

NASDAQ AMZN opened at $249.89 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month 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 $2.69 trillion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.46. The company’s fifty day moving average price is $251.33 and its two-hundred day moving average price is $235.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share 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 analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.59 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. The trade was a 1.42% decrease in their position. 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 ninety days, insiders sold 144,274 shares of company stock valued at $38,716,204. 8.90% of the stock is owned by company insiders.

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.