Montag A & Associates Inc. Has $44.30 Million Position in Amazon.com, Inc. $AMZN

Montag A & Associates Inc. lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% in the fourth quarter, HoldingsChannel reports. The firm owned 191,934 shares of the e-commerce giant’s stock after selling 5,175 shares during the period. Amazon.com accounts for about 2.0% of Montag A & Associates Inc.’s holdings, making the stock its 7th biggest position. Montag A & Associates Inc.’s holdings in Amazon.com were worth $44,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC increased its holdings in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in Amazon.com in the third quarter valued at about $27,000. Bridge Generations Wealth Management LLC increased its holdings in Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock valued at $53,000 after purchasing an additional 233 shares during the last quarter. Cooksen Wealth LLC increased its holdings in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in Amazon.com in the second quarter valued at about $79,000. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

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

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 11,475 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $262.66, for a total value of $3,014,023.50. Following the transaction, the chief executive officer directly owned 11,430 shares of the company’s stock, valued at $3,002,203.80. This trade represents a 50.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 136,124 shares of company stock valued at $35,801,387. 8.90% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $266.32 on Tuesday. 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 $2.86 trillion, a P/E ratio of 31.86, a P/E/G ratio of 1.99 and a beta of 1.46. The business has a 50-day moving average of $240.63 and a 200-day moving average of $231.82. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week 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 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 analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $315.00 price objective (up from $260.00) on shares of Amazon.com in a report on Thursday, April 30th. Citizens Jmp reissued a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, April 10th. DA Davidson boosted their target price on Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Argus reissued a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a research note on Friday, February 6th. Finally, Wedbush decreased their target price on Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Fifty-seven equities research 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, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $312.66.

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.