Maryland State Retirement & Pension System boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 477,069 shares of the e-commerce giant’s stock after buying an additional 12,018 shares during the quarter. Amazon.com makes up 2.2% of Maryland State Retirement & Pension System’s holdings, making the stock its 5th biggest position. Maryland State Retirement & Pension System’s holdings in Amazon.com were worth $104,750,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Wilson Asset Management International PTY Ltd. purchased a new position in shares of Amazon.com during the 2nd quarter worth $11,102,000. American Capital Advisory LLC grew its stake in shares of Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after acquiring an additional 3,152 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Amazon.com by 8.3% during the second quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after buying an additional 86,978 shares during the period. Buckhead Capital Management LLC grew its stake in shares of Amazon.com by 16.1% during the second quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Alpha Wealth Funds LLC boosted its holdings in Amazon.com by 172.8% in the second quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock valued at $667,000 after purchasing an additional 1,908 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Buying and Selling at Amazon.com
In related news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This represents a 73.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the completion of the sale, the chief executive officer directly owned 498,182 shares of the company’s stock, valued at $115,931,933.22. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 47,061 shares of company stock valued at $10,351,262. 9.70% of the stock is currently owned by insiders.
Amazon.com Price Performance
Wall Street Analysts Forecast Growth
AMZN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Arete Research boosted their price target on Amazon.com from $264.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. DA Davidson upped their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $296.37.
View Our Latest Report on Amazon.com
Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Analysts and partners highlight AWS strength — several firms raised targets or reiterated Buy as AWS deals and enterprise AI demand accelerate, supporting medium-term revenue upside. AWS-Prosus partnership
- Positive Sentiment: Amazon expands Alexa and AI strategy: Alexa+ widely rolled out and talks to use OpenAI models could boost device engagement, advertising and Prime stickiness if integrations scale. OpenAI-Alexa report
- Positive Sentiment: Execution signals — leadership move in Selling Partner Services (Amit Agarwal named) and Dharmesh Mehta joining CEO Jassy’s advisory team suggests operational focus on marketplace growth and technical strategy. Leadership change
- Neutral Sentiment: Delivery and retail metrics remain strong (record same/next-day volume — billions of Prime deliveries), supporting core commerce scale but with margin/capex trade-offs. Delivery speed story
- Neutral Sentiment: Earnings preview: market focus is AWS revenue, AI-related capex and margins — options traders imply a large post-earnings move, increasing short-term volatility risk/reward. Options-implied move
- Neutral Sentiment: Amazon is piloting AI tools for TV and film production (Amazon MGM Studios’ AI Studio) — potential long-term content cost savings but uncertain near-term revenue impact. AI studio tools
- Negative Sentiment: Infrastructure headwinds in Europe: long delays to power-grid connections are slowing planned data‑center expansions, which could constrain AWS capacity growth and push up capex/timing risk. Power-grid delays
- Negative Sentiment: Sentiment and execution concerns: new Alexa subscription pricing and ongoing job cuts / heavy AI/data-center spending keep near-term margin pressure and investor patience in check. Alexa price reaction
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.
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