Greystone Financial Group LLC Buys 16,582 Shares of Amazon.com, Inc. $AMZN

Greystone Financial Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 82.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,752 shares of the e-commerce giant’s stock after acquiring an additional 16,582 shares during the quarter. Greystone Financial Group LLC’s holdings in Amazon.com were worth $8,483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of Amazon.com by 1.4% in the fourth quarter. Brighton Jones LLC now owns 4,003,861 shares of the e-commerce giant’s stock worth $924,171,000 after acquiring an additional 55,074 shares during the period. Legacy Advisors LLC grew its stake in shares of Amazon.com by 9.5% in the fourth quarter. Legacy Advisors LLC now owns 62,024 shares of the e-commerce giant’s stock worth $14,316,000 after acquiring an additional 5,366 shares during the period. DSG Capital Advisors LLC grew its stake in shares of Amazon.com by 3.7% in the fourth quarter. DSG Capital Advisors LLC now owns 53,139 shares of the e-commerce giant’s stock worth $12,657,000 after acquiring an additional 1,906 shares during the period. Stone Summit Wealth LLC grew its stake in shares of Amazon.com by 10.1% in the fourth quarter. Stone Summit Wealth LLC now owns 1,639 shares of the e-commerce giant’s stock worth $378,000 after acquiring an additional 150 shares during the period. Finally, Richards Merrill & Peterson Inc. grew its stake in shares of Amazon.com by 6.5% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 41,917 shares of the e-commerce giant’s stock worth $9,675,000 after acquiring an additional 2,571 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $272.62 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.93 trillion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.04 and a beta of 1.46. The company’s 50 day moving average is $227.55 and its 200 day moving average is $228.72. Amazon.com, Inc. has a 12-month low of $191.16 and a 12-month high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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 company had revenue of $181.52 billion for the quarter, compared to the consensus estimate 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 was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 7.72 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the transaction, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 191,593 shares of company stock worth $46,289,241 over the last ninety days. Company insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMZN shares. New Street Research lifted their price target on shares of Amazon.com from $280.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Mizuho lifted their price target on shares of Amazon.com from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Wells Fargo & Company reiterated an “overweight” rating and issued a $313.00 price target (up from $307.00) on shares of Amazon.com in a research note on Thursday, April 30th. Argus reiterated a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a research note on Friday, February 6th. Finally, Rosenblatt Securities lifted their price target on shares of Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $313.09.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

Amazon.com Company 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.