Center For Asset Management LLC Sells 5,049 Shares of Amazon.com, Inc. $AMZN

Center For Asset Management LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,199 shares of the e-commerce giant’s stock after selling 5,049 shares during the quarter. Amazon.com accounts for 1.0% of Center For Asset Management LLC’s portfolio, making the stock its 28th biggest holding. Center For Asset Management LLC’s holdings in Amazon.com were worth $1,800,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Amazon.com in the second quarter worth about $27,438,011,000. Nuveen LLC purchased a new position in Amazon.com in the 1st quarter worth about $11,674,091,000. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after buying an additional 12,122,668 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after buying an additional 10,176,835 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $209.87 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm’s 50 day moving average price is $221.35 and its 200-day moving average price is $226.32. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a market cap of $2.25 trillion, a PE ratio of 29.27, a P/E/G ratio of 1.61 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the firm earned $1.86 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Argus restated a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a research note on Friday, February 6th. New Street Research decreased their price target on shares of Amazon.com from $350.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday, February 6th. Desjardins increased their price objective on Amazon.com to $218.00 in a research note on Monday, December 8th. Finally, DZ Bank upgraded Amazon.com to a “strong-buy” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $286.93.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Big long-term upside from AWS: CEO Andy Jassy told staff he expects AI could drive AWS to roughly $600B in annual revenue by 2036 — a reiteration of AWS as the core growth/profit engine. Reuters: AWS $600B
• Positive Sentiment: Analyst support: Wolfe Research recently raised its price target citing stronger AWS AI and data-center demand, which underpins upside for shares. Yahoo Finance: Wolfe Research
• Positive Sentiment: Product and cloud partnerships accelerating AI offerings — AWS announced deals (including a Cerebras collaboration for fast inference) and OpenAI/AWS commercial/government arrangements that expand addressable market for cloud and AI services. InsiderMonkey: Cerebras partnership
  Reuters: OpenAI-AWS gov deal
• Positive Sentiment: Faster delivery push and Prime Day timing: Amazon expanded 1‑hour/3‑hour delivery and reportedly moved Prime Day into June — both moves aim to pull demand forward, boost Q2 revenue and defend share in quick-commerce. Reuters: 1-hour delivery
  MarketBeat: Prime Day shift
• Neutral Sentiment: Capital spending and debt context: Amazon’s large bond sale and planned AI capex have analysts revising hyperscaler debt forecasts higher — supports growth but keeps focus on near-term margin/cash use. Reuters: debt forecasts
• Negative Sentiment: Legal/cloud competition risk: Reports say Microsoft is weighing legal action over a large Amazon–OpenAI cloud arrangement, creating regulatory / contract uncertainty for AWS/OpenAI deals. Reuters: Microsoft legal threat
• Negative Sentiment: Operational & headlines risk from logistics shuffle: Multiple reports that Amazon plans to sharply cut USPS volume (potentially two‑thirds) have pressured the stock amid concerns over transition costs and negative press; CNBC/WSJ coverage also shows negotiation frictions. WSJ: USPS volume cut
  CNBC: USPS talks

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer directly owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 71,686 shares of company stock worth $14,688,739. Company insiders own 9.70% of the company’s stock.

Amazon.com 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.