Covea Finance Purchases 167,500 Shares of Amazon.com, Inc. $AMZN

Covea Finance grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,899 shares of the e-commerce giant’s stock after buying an additional 167,500 shares during the quarter. Amazon.com makes up about 3.8% of Covea Finance’s investment portfolio, making the stock its 5th biggest position. Covea Finance’s holdings in Amazon.com were worth $115,618,000 at the end of the most recent reporting period.

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

Trending Headlines about Amazon.com

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

• Positive Sentiment: Dual $300 price-target endorsements and maintained buy ratings from TD Cowen and Barclays are lifting sentiment and pushing shares up; TD Cowen highlighted AWS reacceleration and AI-driven margin upside. TD Cowen Buy Rating Benzinga note on TD Cowen/Barclays
• Positive Sentiment: Jefferies says AMZN looks undervalued despite near-term AI capex, arguing AWS and retail/ads growth could drive significant upside. Jefferies valuation view
• Positive Sentiment: Long-term bullish narratives: Amazon expects AWS could reach ~$600B annual revenue in 10 years and AWS’s 20th anniversary coverage underscores cloud importance — supports multi-year growth thesis. AWS $600B thesis AWS at 20 coverage
• Positive Sentiment: Billionaire investor interest (Seth Klarman adding to position) and institutional buys provide confidence that large investors view current levels as a buying opportunity. Klarman stake report
• Neutral Sentiment: Entertainment wins (Project Hail Mary box-office/Prime Video success) and consumer-facing product rumors (an AI “Transformer” smartphone) are positive for brand and services revenue but are unlikely to materially change core AWS/retail earnings near-term. Project Hail Mary box office Smartphone rumor
• Neutral Sentiment: Options/strategy pieces showing attractive yields from selling OTM puts indicate some traders view current levels as range-bound; reported short-interest data in the feed is anomalous/zero and not informative. OTM puts strategy
• Negative Sentiment: Logistics headwinds: reports that UPS is cutting Amazon deliveries in half and that Amazon/USPS negotiations are deteriorating raise near-term fulfillment cost and delivery-risk concerns — potential margin pressure and higher operating complexity. UPS deliveries cut USPS negotiations
• Negative Sentiment: AI capex concerns and warnings that Amazon’s large spending plan could backfire remain a drag on sentiment; some analysts have flagged near-term fiscal strain despite long-term upside. AI capex concern

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Scotiabank restated an “outperform” rating and issued a $275.00 target price (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, February 6th. Piper Sandler reissued an “overweight” rating and set a $260.00 price objective (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. UBS Group set a $311.00 price objective on shares of Amazon.com in a research report on Tuesday, February 3rd. Finally, Raymond James Financial dropped their target price on shares of Amazon.com from $260.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.57.

Amazon.com Stock Performance

Amazon.com stock opened at $210.17 on Tuesday. The company has a market cap of $2.26 trillion, a PE ratio of 29.31, a PEG ratio of 1.54 and a beta of 1.40. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company’s 50-day moving average is $219.04 and its two-hundred day moving average is $225.86.

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

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the sale, the chief executive officer directly owned 522,361 shares of the company’s stock, valued at $107,512,341.02. This represents a 1.29% 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 valued at $14,688,739. 10.80% of the stock is currently owned by company insiders.

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.