Amazon.com, Inc.

(NASDAQ Global Select)
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Somewhat Bullish +35

Amazon.com, Inc. $AMZN Stock Position Reduced by Elk River Wealth ...

AI-generated analysis

πŸ“‰ Elk River Wealth Management LLC cut its Amazon stake by 88.5% in Q1, reducing holdings to 84,694 shares worth $17.6 million.

πŸ“ˆ MilWealth Group LLC increased its position by 79.0% in Q4, adding 79 shares valued at $41,000.

πŸ“‰ CEO Douglas J. Herrington sold 1,000 shares on June 1st for $266,190 under a Rule 10b5-1 plan.

πŸ“‰ CEO Matthew S. Garman sold 15,467 shares in May for $4.07 million, reducing his stake by over half.

πŸ’° Insiders collectively sold 195,774 shares valued at $51.6 million during the last quarter.

πŸ“Š Amazon reported Q1 EPS of $2.78, beating the consensus estimate of $1.63 by $1.15.

πŸ’΅ Revenue reached $181.52 billion for the quarter, representing a 16.6% increase compared to the prior year.

πŸ“ˆ The company achieved a net margin of 12.22% and a return on equity of 19.92% in the latest quarter.

πŸ“‰ Stock price opened at $232.69 with a market capitalization of $2.50 trillion.

πŸ“Š Analysts project full-year earnings per share of $7.71 for Amazon.com, Inc.

Bullish Signals
  • Amazon reported quarterly EPS of $2.78, significantly topping the consensus estimate of $1.63 by $1.15.
  • Revenue grew to $181.52 billion for the quarter, up 16.6% year-over-year against a consensus of $177.28 billion.
  • The company demonstrated strong profitability with a net margin of 12.22% and a return on equity of 19.92%.
  • Several institutional investors increased their holdings in Q4, including MilWealth Group LLC (+79%), Elkhorn Partners (+900%), and Fairway Wealth LLC (+95.6%).
  • Analysts maintain a forward-looking EPS expectation of $7.71 for the current year.
Risk Factors
  • Elk River Wealth Management LLC drastically reduced its position by 88.5% in Q1, selling over 648,000 shares.
  • CEO Matthew S. Garman executed a large sale of 15,467 shares in May, reducing his personal stake by 52.21%.
  • Insiders collectively sold 195,774 shares valued at $51.6 million over the last quarter.
Full Analysis
Elk River Wealth Management LLC significantly reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 88.5% during the first quarter, selling 648,756 shares and retaining only 84,694 shares valued at approximately $17.6 million. This move contrasts with several other institutional investors who increased their positions in the fourth quarter, including MilWealth Group LLC, Elkhorn Partners Limited Partnership, and Fairway Wealth LLC, though many of these additions involved relatively small share counts. CEO Douglas J. Herrington sold 1,000 shares on June 1st for $266,190 under a pre-arranged Rule 10b5-1 trading plan, while CEO Matthew S. Garman sold 15,467 shares in May for roughly $4.07 million, representing a 52.21% decrease in his personal holding. Collectively, company insiders sold approximately 195,774 shares valued at over $51.6 million in the last quarter, though they still maintain an 8.90% ownership stake in the firm. Amazon reported strong quarterly financial results on April 29th, posting earnings per share of $2.78 against a consensus estimate of $1.63 and generating revenue of $181.52 billion, which was up 16.6% year-over-year. The company achieved a net margin of 12.22% and a return on equity of 19.92%, with analysts expecting full-year EPS of $7.71. Current stock metrics include a market cap of $2.50 trillion, a PE ratio of 27.83, and a fifty-two-week trading range between $196.00 and $278.56.