Amazon.com, Inc. $AMZN Shares Sold by 1248 Management LLC

1248 Management LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 45.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,583 shares of the e-commerce giant’s stock after selling 38,824 shares during the period. Amazon.com makes up approximately 5.8% of 1248 Management LLC’s portfolio, making the stock its 4th biggest holding. 1248 Management LLC’s holdings in Amazon.com were worth $10,228,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. grew its holdings in shares of 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 worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. State Street Corp raised its holdings in Amazon.com by 1.4% in the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after buying an additional 5,163,208 shares during the period. Geode Capital Management LLC lifted its position in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after buying an additional 3,721,658 shares in the last quarter. Norges Bank acquired a new position in Amazon.com during the second quarter valued at approximately $27,438,011,000. Finally, Northern Trust Corp grew its stake in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after buying an additional 302,858 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. Evercore dropped their price objective on shares of Amazon.com from $335.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Wolfe Research upped their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. Rosenblatt Securities lowered their price target on Amazon.com from $305.00 to $296.00 and set a “buy” rating for the company in a report on Friday, February 6th. Arete Research raised their price objective on Amazon.com from $283.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Citigroup reduced their price objective on Amazon.com from $320.00 to $265.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.93.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at $1,930,094.10. This trade represents a 65.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 10,649 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is owned by insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS partners with Cerebras to speed AI inference, which could improve Bedrock performance, lower customer costs and help AWS compete vs. Nvidia — a potential long‑term revenue/margin positive for Amazon’s cloud business. Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon’s cloud
• Positive Sentiment: Amazon splits out a paid “Ultra” Prime Video tier and hikes the ad‑free price — a direct, near‑term revenue boost from higher subscription ARPU that supports monetization of Prime streaming. Amazon to hike price of ad-free Prime Video tier by $2 a month
• Positive Sentiment: Luxembourg court vacated a record €746M privacy fine and ordered a reassessment, removing a large regulatory overhang for Amazon in Europe. Win for Amazon as Luxembourg court scraps record $854 million privacy fine
• Positive Sentiment: Wall Street remains constructive: analysts have reiterated buys and some raised price targets (e.g., Wolfe/Evercore), which can support the stock amid the pullback narrative. Amazon Is Rising While the Market Falls—Here’s Why
• Neutral Sentiment: Amazon is reportedly moving Prime Day earlier to late June — timing and promotional cadence can affect quarterly sales mix but is not a clear positive/negative until details and vendor economics are known. Amazon plans to move Prime Day event to June from July, Bloomberg News reports
• Negative Sentiment: Amazon closed a massive multi‑tranche corporate debt offering to fund its AI/capex push — strong demand (reported ~4:1 bids) eases short‑term funding risk but the large debt target and $200B+ capex plan keep investor concerns about near‑term returns and balance‑sheet risk elevated. Amazon Completes Massive Multi-Tranche Corporate Debt Offering
• Negative Sentiment: Legal/tax risk persists: Milan prosecutors have sought trial for Amazon’s European unit and four execs over alleged €1.2B tax evasion — an ongoing legal exposure that could concern investors. Exclusive: Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 bln tax evasion

Amazon.com Stock Down 0.9%

Shares of NASDAQ AMZN opened at $207.67 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock’s 50-day simple moving average is $222.93 and its 200-day simple moving average is $226.69. The firm has a market cap of $2.23 trillion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.56 and a beta of 1.40.

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 analysts’ consensus estimates of $1.97 by ($0.02). The business had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.