Mcrae Capital Management Inc. Has $9.26 Million Stake in Amazon.com, Inc. $AMZN

Mcrae Capital Management Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,127 shares of the e-commerce giant’s stock after acquiring an additional 8,380 shares during the period. Amazon.com comprises about 1.9% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Mcrae Capital Management Inc.’s holdings in Amazon.com were worth $9,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. TD Asset Management Inc increased its holdings in shares of Amazon.com by 0.3% during the fourth quarter. TD Asset Management Inc now owns 8,275,670 shares of the e-commerce giant’s stock worth $1,910,190,000 after buying an additional 24,237 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Amazon.com by 21.8% during the fourth quarter. Sivia Capital Partners LLC now owns 48,584 shares of the e-commerce giant’s stock worth $11,214,000 after buying an additional 8,684 shares in the last quarter. Greenspring Advisors LLC increased its holdings in shares of Amazon.com by 543.9% during the fourth quarter. Greenspring Advisors LLC now owns 29,997 shares of the e-commerce giant’s stock worth $6,924,000 after buying an additional 25,338 shares in the last quarter. Disciplined Investors L.L.C. increased its holdings in shares of Amazon.com by 0.9% during the fourth quarter. Disciplined Investors L.L.C. now owns 11,846 shares of the e-commerce giant’s stock worth $2,734,000 after buying an additional 101 shares in the last quarter. Finally, Evolution Wealth Management Inc. increased its holdings in shares of Amazon.com by 8.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 2,984 shares of the e-commerce giant’s stock worth $689,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon is strengthening its AI and cloud position with the rollout of a faster in-house Graviton5 CPU for AWS customers, which supports its long-term competitive edge in cloud computing and AI workloads.
• Positive Sentiment: BMO reportedly named Amazon one of its top AI picks, reinforcing bullish Wall Street sentiment around the company’s AI and AWS growth story.
• Positive Sentiment: Amazon secured a $17.5 billion delayed-draw term loan facility, giving it additional financial flexibility to keep funding data centers, AI infrastructure, and other growth investments. Reuters article on Amazon securing $17.5 billion loan facility amid AI-driven capex ramp
• Positive Sentiment: Amazon’s expanded partnership activity, including Pinterest storefront integrations and additional commerce tie-ins, could help drive product discovery and more sales through its marketplace.
• Positive Sentiment: Amazon also expanded its less-than-truckload freight service to outside businesses, which could open a new logistics revenue stream and deepen its role in supply-chain services.
• Neutral Sentiment: Several articles highlighted Amazon’s growing role in AI infrastructure, including supply-chain and fiber-related deals, which are strategically important but still more about future growth than immediate earnings impact.
• Negative Sentiment: The large loan facility and ongoing AI infrastructure buildout are also reminding investors that Amazon’s capital expenditures are rising sharply, which can pressure near-term margins and explain some of the stock’s weakness.
• Negative Sentiment: Some commentary suggests the market is increasingly focused on Amazon’s heavy spending and financing needs, creating concern that the company may be prioritizing long-term growth at the expense of near-term profitability.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMZN shares. Needham & Company LLC raised their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $296.00 to $332.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Thursday, April 9th. Benchmark raised their price objective on shares of Amazon.com from $275.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Oppenheimer raised their price target on shares of Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $312.52.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction 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 owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,427,876.40. This represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 195,774 shares of company stock worth $51,614,434. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $238.00 on Thursday. The company has a fifty day moving average price of $252.26 and a two-hundred day moving average price of $233.44. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The firm has a market capitalization of $2.56 trillion, a PE ratio of 28.47, a P/E/G ratio of 1.83 and a beta of 1.44.

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

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.