Amazon.com, Inc.

(NASDAQ Global Select)
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Bullish +65

Capstone Wealth Management Group LLC Sells 7,025 Shares of Amazon.com ...

AI-generated analysis

πŸ“‰ Capstone Wealth Management Group LLC reduced its Amazon stake by 30% in Q1, selling 7,025 shares to retain a position valued at $3.41 million.

πŸ“ˆ Multiple other funds including Red Crane and Marquette Asset Management increased their Amazon holdings by over 2% during the recent quarters.

πŸ’° Institutional investors and hedge funds collectively own 72.20% of Amazon.com, Inc. shares.

πŸ‘” CEO Douglas J. Herrington sold 27,500 shares for $7.56 million on May 4th under a pre-arranged trading plan.

πŸ‘” CEO Andrew R. Jassy sold 31,352 shares for $8.62 million on the same day, reducing his stake by 1.42%.

πŸ“‰ Insiders have sold a total of 144,274 shares worth $38.7 million over the last quarter.

πŸ’΅ Amazon reported Q1 revenue of $181.52 billion, surpassing analyst estimates of $177.28 billion.

πŸ“Š The company posted earnings per share of $2.78, significantly topping the consensus estimate of $1.63.

πŸš€ Revenue grew 16.6% year-over-year with a net margin of 12.22% and return on equity of 19.92%.

πŸ“ˆ Analysts forecast full-year EPS of $7.75 with a consensus price target of $312.76.

Bullish Signals
  • Amazon reported Q1 revenue of $181.52 billion, exceeding analyst estimates of $177.28 billion by $4.24 billion.
  • The company achieved earnings per share of $2.78, which is $1.15 higher than the consensus estimate of $1.63.
  • Revenue grew 16.6% year-over-year, demonstrating strong top-line expansion in the e-commerce and cloud sectors.
  • Analysts maintain a 'Moderate Buy' rating with an average price target of $312.76, indicating confidence in future performance.
  • Major institutions like Red Crane Wealth Management LLC and Marquette Asset Management LLC increased their stakes, signaling institutional confidence.
  • The company maintains a healthy return on equity of 19.92% and a net margin of 12.22%.
Risk Factors
  • CEO Douglas J. Herrington sold 27,500 shares worth $7.56 million, representing a 5.51% decrease in his personal position.
  • CEO Andrew R. Jassy sold 31,352 shares worth $8.62 million, reducing his stake by 1.42%.
  • Insiders have collectively sold 144,274 shares worth $38.7 million over the last quarter, indicating some profit-taking or diversification.
  • Capstone Wealth Management Group LLC significantly reduced its position by 30%, selling 7,025 shares in Q1.
Full Analysis
Capstone Wealth Management Group LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 30% during the first quarter, selling 7,025 shares to hold a remaining stake of 16,382 shares valued at $3.41 million. This holding represents approximately 1.4% of Capstone's portfolio and ranks as its 21st largest position. The filing with the SEC reflects a continued reduction in this specific fund's exposure to the e-commerce giant. In contrast to Capstone's exit, several other institutional investors increased their stakes in Amazon during the recent quarters. Red Crane Wealth Management LLC boosted holdings by 2.3% in the first quarter, while Lifelong Wealth Advisors Inc., Financial Connections Group Inc., Marquette Asset Management LLC, and Wernau Asset Management Inc. all added shares in the fourth quarter or first quarter. Collectively, institutional investors and hedge funds maintain a dominant 72.20% ownership of the company's outstanding stock. Insider trading activity saw significant sales from top executives on May 4th under pre-arranged Rule 10b5-1 plans. CEO Douglas J. Herrington sold 27,500 shares for $7.56 million, while CEO Andrew R. Jassy sold 31,352 shares for $8.62 million. Over the last quarter, insiders have collectively sold 144,274 shares worth $38.7 million, though corporate insiders still retain an 8.90% ownership stake in the company. Amazon reported strong quarterly earnings on April 29th, beating analyst estimates with revenue of $181.52 billion and EPS of $2.78. The company achieved a return on equity of 19.92% and a net margin of 12.22%, with revenue growing 16.6% year-over-year. Analyst consensus forecasts EPS of $7.75 for the current year, supported by a 'Moderate Buy' rating from 57 analysts with an average price target of $312.76.