Delta Global Management LP Trims Stock Position in Amazon.com, Inc. $AMZN

Delta Global Management LP reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 68.6% during the fourth quarter, Holdings Channel reports. The firm owned 72,373 shares of the e-commerce giant’s stock after selling 158,462 shares during the quarter. Delta Global Management LP’s holdings in Amazon.com were worth $16,705,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Amazon.com during the 3rd quarter valued at $451,642,000. Narwhal Capital Management lifted its stake in Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock valued at $49,997,000 after acquiring an additional 4,854 shares during the period. Weaver Capital Management LLC lifted its stake in Amazon.com by 13.6% during the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock valued at $9,063,000 after acquiring an additional 4,713 shares during the period. Ethos Financial Group LLC lifted its stake in Amazon.com by 9.6% during the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock valued at $8,421,000 after acquiring an additional 3,196 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in Amazon.com by 1.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock valued at $52,667,000 after acquiring an additional 4,558 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.0%

Amazon.com stock opened at $246.00 on Wednesday. The firm has a 50 day moving average of $254.94 and a 200 day moving average of $233.91. The firm has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 1.84 and a beta of 1.44. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (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 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 quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. As a group, research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This trade represents a 52.21% 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 sold a total of 195,774 shares of company stock worth $51,614,434 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon Web Services is expanding its AI and cloud ecosystem, including a new collaboration that brings Dun & Bradstreet’s Commercial Graph into Amazon Quick to improve AI-driven sales, marketing, and finance workflows.
• Positive Sentiment: Amazon’s long-term growth story is being reinforced by continued AI infrastructure spending, including a multi-billion-dollar data center expansion in Missouri and broader capex plans that signal confidence in AWS demand.
• Positive Sentiment: Royal Bank of Canada reaffirmed its Buy rating on Amazon, and other recent commentary highlights Wall Street’s bullish view with significant upside still implied for AMZN.
• Positive Sentiment: Analysts and investors continue to point to Amazon’s strong fundamentals, including its recent earnings beat, solid revenue growth, and improving profitability, as reasons the stock can keep outperforming over time.
• Neutral Sentiment: Amazon is also getting attention from the space-investing theme, as some market commentary argues its Project Leo satellite network could become a long-term growth opportunity, though it is still early-stage and not a near-term earnings driver.
• Negative Sentiment: Reports say the FTC has drafted a complaint against Amazon over alleged misleading ad pricing and disclosures, which could lead to a lawsuit, settlement, or billions of dollars in civil penalties.
• Negative Sentiment: Some investor commentary also notes that Amazon has faced pressure from higher AI and infrastructure spending, which can weigh on near-term margins even if it supports longer-term growth.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore upped their price target on shares of Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $280.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Arete Research upped their price target on shares of Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Bank of America upped their price target on shares of Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.78.

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.