Fairvoy Private Wealth LLC Sells 5,222 Shares of Amazon.com, Inc. $AMZN

Fairvoy Private Wealth LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,669 shares of the e-commerce giant’s stock after selling 5,222 shares during the quarter. Amazon.com comprises about 1.8% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 11th biggest position. Fairvoy Private Wealth LLC’s holdings in Amazon.com were worth $7,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. First American Bank increased its stake in shares of Amazon.com by 1.6% during the first quarter. First American Bank now owns 252,000 shares of the e-commerce giant’s stock valued at $52,484,000 after buying an additional 4,063 shares during the period. KFG Wealth Management LLC lifted its stake in Amazon.com by 18.9% in the first quarter. KFG Wealth Management LLC now owns 8,672 shares of the e-commerce giant’s stock worth $1,806,000 after acquiring an additional 1,379 shares during the period. Norway Savings Bank lifted its stake in Amazon.com by 4.6% in the first quarter. Norway Savings Bank now owns 32,769 shares of the e-commerce giant’s stock worth $6,825,000 after acquiring an additional 1,453 shares during the period. Leeward Financial Partners LLC grew its holdings in Amazon.com by 2.2% during the 1st quarter. Leeward Financial Partners LLC now owns 56,008 shares of the e-commerce giant’s stock worth $11,665,000 after acquiring an additional 1,229 shares in the last quarter. Finally, Arta Finance Wealth Management LLC grew its holdings in Amazon.com by 8.2% during the 1st quarter. Arta Finance Wealth Management LLC now owns 34,857 shares of the e-commerce giant’s stock worth $7,260,000 after acquiring an additional 2,646 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMZN shares. Susquehanna restated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. BMO Capital Markets increased their price objective on shares of Amazon.com from $310.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Maxim Group increased their target price on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Oppenheimer boosted their price target on Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a research report 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $312.78.

More Amazon.com News

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

Amazon.com Stock Up 1.4%

Amazon.com stock opened at $241.70 on Thursday. 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 stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.78 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The business has a fifty day moving average price of $254.97 and a 200-day moving average price of $234.39.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.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 company posted $1.59 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $266.19, for a total value of $266,190.00. Following the sale, the chief executive officer directly owned 485,527 shares of the company’s stock, valued at $129,242,432.13. This represents a 0.21% 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, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. The trade was a 0.90% 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 have sold 194,774 shares of company stock worth $51,403,934 in the last 90 days. 8.90% of the stock is owned by 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.