Amazon.com, Inc.

(NASDAQ Global Select)
Back to all articles
Bullish +65

Amazon.com, Inc. $AMZN Stock Holdings Decreased by Pictet Asset ...

AI-generated analysis

πŸ“‰ Pictet Asset Management reduced its Amazon holdings by 3.0% in Q1, selling 298,314 shares to retain a 2.1% portfolio stake.

πŸ“ˆ Brighton Jones LLC increased its position by 10.9% in Q4, adding 397,007 shares valued at $885 million.

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

πŸ’° Revenue reached $181.52 billion for the quarter, representing a 16.6% increase year-over-year.

🎯 Analysts raised price targets to between $315 and $350, with a consensus target of $312.79.

πŸ“‰ CEO Andrew R. Jassy sold 31,352 shares worth $8.62 million under a pre-arranged trading plan.

🏒 Institutional investors own 72.20% of the company's outstanding stock.

☁️ Amazon Web Services (AWS) remains a key growth driver alongside its e-commerce marketplace.

πŸ“ˆ The stock trades at a P/E ratio of 29.03 with a market capitalization of $2.61 trillion.

πŸ” Fifty-seven analysts rate the stock as a Buy, while only three maintain a Hold rating.

Bullish Signals
  • Amazon reported Q1 earnings per share of $2.78, which beat the consensus estimate of $1.63 by $1.15.
  • Revenue for the quarter was $181.52 billion, surpassing analyst estimates of $177.28 billion.
  • The company achieved a net margin of 12.22% and a return on equity of 19.92%.
  • Revenue grew by 16.6% compared to the same quarter last year.
  • Multiple analysts increased price targets, with New Street Research raising its target to $350.
  • Brighton Jones LLC significantly increased its stake by 10.9%, adding nearly 400,000 shares.
  • The consensus analyst rating is 'Moderate Buy' with an average price target of $312.79.
Risk Factors
  • CEO Andrew R. Jassy sold 31,352 shares worth $8.62 million in a transaction on May 4th.
  • SVP David Zapolsky sold 9,270 shares worth $2.49 million on May 22nd under a Rule 10b5-1 plan.
  • Insiders have collectively sold 195,774 shares valued at $51.64 million over the last 90 days.
Full Analysis
Pictet Asset Management reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the first quarter, selling 298,314 shares to leave a position of 9,534,830 shares valued at approximately $1.985 billion. This reduction brings Amazon's stake to 2.1% of Pictet's portfolio, maintaining its status as the fund's sixth-largest position. Conversely, several other institutional investors increased their stakes in the fourth quarter, including Brighton Jones LLC, which grew its holdings by 10.9%, and Bank Pictet & Cie Europe AG, which lifted its position by 2.8%. Analyst sentiment remains robust with multiple firms raising price targets and reaffirming buy ratings. Barclays maintained an 'overweight' rating, while Monness Crespi & Hardt, China Renaissance, Sanford C. Bernstein, and New Street Research all increased their price objectives to between $315 and $350. The consensus rating among 57 equities analysts is a 'Moderate Buy' with an average price target of $312.79, reflecting continued confidence in the company's growth trajectory. Amazon reported strong quarterly earnings on April 29th, beating analyst estimates significantly with EPS of $2.78 versus a consensus of $1.63 and revenue of $181.52 billion against an estimate of $177.28 billion. The company achieved a net margin of 12.22% and returned to growth with revenue up 16.6% year-over-year, driven by its diversified portfolio in e-commerce, AWS, and advertising services. Insider trading activity shows executives selling shares under pre-arranged Rule 10b5-1 plans, with CEO Andrew R. Jassy selling $8.62 million worth of stock and SVP David Zapolsky selling $2.49 million. Despite these sales, institutional ownership stands at 72.20% and insider ownership at 8.90%, while the stock trades at a market cap of $2.61 trillion with a P/E ratio of 29.03.