Amazon.com, Inc.

(NASDAQ Global Select)
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Bullish +65

Amazon.com, Inc. $AMZN Shares Sold by Novare Capital Management LLC

AI-generated analysis

πŸ“‰ Novare Capital Management LLC reduced its Amazon holdings by 1.7% in Q1, selling 2,331 shares while retaining a $27.6 million position.

πŸ“ˆ Brighton Jones LLC increased its stake by 10.9% in Q4, adding 397,007 shares to reach a total value of $885.5 million.

πŸ’° Bank Pictet & Cie Europe AG lifted its Amazon position by 2.8%, now owning over 2 million shares worth $442.5 million.

πŸ“Š Amazon reported Q1 revenue of $181.52 billion, beating estimates and growing 16.6% year-over-year.

πŸ’Ή The company posted EPS of $2.78, significantly exceeding the analyst consensus estimate of $1.63.

πŸ† Amazon achieved a net margin of 12.22% and a return on equity of 19.92% in the first quarter.

πŸ“‰ CEO Andrew R. Jassy sold 20,000 shares for $5.27 million under a pre-arranged trading plan.

πŸ“‰ VP Shelley Reynolds sold 2,363 shares for $620,000, reducing her ownership by 1.93%.

πŸ” Analyst consensus rating is 'Moderate Buy' with an average target price of $312.78.

πŸ“ˆ TD Securities and Deutsche Bank recently upgraded or maintained buy ratings on Amazon stock.

Bullish Signals
  • Amazon reported Q1 revenue of $181.52 billion, a 16.6% increase compared to the same quarter last year.
  • The company beat earnings estimates significantly with EPS of $2.78 versus an expected $1.63.
  • Net margin expanded to 12.22%, demonstrating strong profitability on the massive revenue base.
  • Brighton Jones LLC increased its stake by over 10% in Q4, adding nearly $90 million in value.
  • Bank Pictet & Cie Europe AG added significant capital to its position, increasing holdings by 2.8%.
  • Highview Capital Management DE boosted its stake by 5.5%, showing continued institutional confidence.
  • Major analysts including TD Securities and Deutsche Bank have issued 'Buy' or maintained 'Overweight' ratings.
  • Deutsche Bank and Evercore raised their price targets to $315, while Cantor Fitzgerald set a target of $330.
Risk Factors
  • Novare Capital Management LLC reduced its position in Amazon by 1.7% during the first quarter.
  • CEO Andrew R. Jassy sold 20,000 shares worth $5.27 million, representing a 0.90% decrease in his ownership.
  • VP Shelley Reynolds sold 2,363 shares worth $620,000, reducing her stake by 1.93%.
  • Insiders have collectively sold 195,774 shares worth over $51.6 million over the last 90 days.
Full Analysis
Institutional investor Novare Capital Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the first quarter, selling 2,331 shares to hold a remaining stake of 132,656 shares valued at approximately $27.6 million. This holding represents about 2.2% of Novare's portfolio and ranks as its 12th largest position. The disclosure highlights shifting sentiment among specific hedge funds, contrasting with other institutional players who increased their stakes in the fourth quarter. Other major institutional investors have adjusted their positions in Amazon stock during the fourth quarter. Brighton Jones LLC significantly boosted its stake by 10.9%, adding 397,007 shares to reach a total holding of 4,036,091 shares valued at $885.5 million. Additionally, Bank Pictet & Cie Europe AG increased its holdings by 2.8% to own over 2 million shares worth $442.5 million, while Highview Capital Management DE raised its position by 5.5%. These moves indicate continued strong institutional interest despite Novare's reduction. Amazon reported robust financial performance in the first quarter ended April 29th, with revenue reaching $181.52 billion, a 16.6% year-over-year increase that beat analyst estimates of $177.28 billion. The company posted earnings per share of $2.78, significantly surpassing the consensus estimate of $1.63, and achieved a net margin of 12.22%. Analysts maintain an average target price of $312.78 with a consensus 'Moderate Buy' rating, supported by recent upgrades from major firms like TD Securities and Deutsche Bank. Insider trading activity saw CEO Andrew R. Jassy sell 20,000 shares for approximately $5.27 million and VP Shelley Reynolds sell 2,363 shares for roughly $620,000 on May 21st. Both transactions were executed under pre-arranged Rule 10b5-1 trading plans. Over the last 90 days, insiders have collectively sold 195,774 shares worth over $51.6 million, though they still retain an 8.90% ownership stake in the company.