open_in_newOriginal article
15,177 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Atlas Legacy Advisors LLC

15,177 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Purchased by Atlas Legacy Advisors LLC

  • 19.03.2025 08:36
  • etfdailynews.com
  • Keywords: High, Low

Atlas Legacy Advisors LLC purchased 15,177 Amazon shares worth $3.3 million. Several institutional investors and hedge funds have also adjusted their stakes in the company. Analysts raised price targets for Amazon stock, with an average target of $260.65 and a "Moderate Buy" rating.

Amazon ReportsAmazon NewsAMZNsentiment_satisfiedRYsentiment_satisfiedBCSsentiment_satisfied

Estimated market influence

Amazon.com, Inc.

Amazon.com, Inc.

Positivesentiment_satisfied
Analyst rating: Strong buy

The company's stock has been purchased by multiple institutional investors and hedge funds, indicating investor confidence. The price target increases from various analysts suggest a positive outlook.

Piper Sandler

Positivesentiment_satisfied
Analyst rating: N/A

Reiterated an 'overweight' rating with increased target price.

Royal Bank of Canada

Royal Bank of Canada

Positivesentiment_satisfied
Analyst rating: Buy

Increased their price objective and gave a positive rating.

JMP Securities

Positivesentiment_satisfied
Analyst rating: N/A

Reaffirmed 'market outperform' rating with increased target price.

Barclays

Barclays

Positivesentiment_satisfied
Analyst rating: Buy

Upgraded their target price and gave an 'overweight' rating.

Oppenheimer

Positivesentiment_satisfied
Analyst rating: N/A

Raised their price target and gave an 'outperform' rating.

Context

Analysis of Amazon.com Stock Activities and Market Implications

Key Facts and Data Points

  • Institutional Investment Activity:

    • Atlas Legacy Advisors LLC purchased 15,177 shares, valued at ~$3.3 million.
    • Bank of Jackson Hole Trust acquired a new stake worth ~$3.5 million.
    • Lorne Steinberg Wealth Management Inc. increased its position by 2.4%, now holding 41,613 shares (~$9.1 million).
    • Klingman & Associates LLC increased holdings by 2.1%, now owning 45,094 shares (~$9.89 million).
    • New York State Common Retirement Fund raised its stake by 0.3%, holding 12,537,928 shares (~$2.75 billion).
    • Callahan Advisors LLC boosted its stake by 1.9%, owning 210,803 shares (~$46.25 million).

  • Institutional Ownership: ~72.2% of Amazon.com stock is owned by institutional investors and hedge funds.

Analysts' Price Targets

  • Piper Sandler: $265 (up from $225), "Overweight" rating.
  • Royal Bank of Canada: $265, "Outperform" rating.
  • JMP Securities: $285, "Market Outperform" rating.
  • Barclays: $265, "Overweight" rating.
  • Oppenheimer: $260, "Outperform" rating.
  • Consensus Rating: "Moderate Buy" with an average price target of ~$260.65.

Stock Performance

  • Opening Price: $192.82 (Wednesday).
  • Market Cap: $2.04 trillion.
  • P/E Ratio: 34.87, PEG Ratio: 1.50, Beta: 1.19.
  • 50-day Moving Average: $220.43; 200-day Moving Average: $208.02.
  • One-Year Price Range: $151.61 (low) to $242.52 (high).

Earnings and Financials

  • Q4 EPS: $1.86 vs. consensus estimate of $1.52.
  • Return on Equity: 24.25%, Net Margin: 9.29%.
  • Analysts predict 6.31 EPS for the current fiscal year.

Insider Transactions

  • CEO: Sold 5,501 shares (~$1.26 million), reducing ownership by ~1.08%. Total insider sales over last 90 days: ~102,298 shares (~$22.87 million).
  • VP: Sold 8,833 shares (~$1.97 million), reducing ownership by ~6.87%.
  • Insider Ownership: ~10.8%.

Market Trends and Business Impact

  • Positive Sentiment: Institutional investors and analysts indicate confidence in Amazon's long-term growth potential.
  • Competitive Landscape: Amazon faces competition from other tech giants but remains a dominant player in e-commerce, cloud services (AWS), and consumer electronics.
  • Strategic Considerations:
    • Increased institutional stakes suggest alignment with Amazon's strategic initiatives (e.g., AWS, advertising, subscription services).
    • Insider sales may raise concerns about leadership confidence, though the percentages are relatively small.

Regulatory Implications

  • No immediate regulatory issues highlighted in the text. However, ongoing antitrust scrutiny and data privacy regulations remain potential risks for Amazon.

Long-Term Effects

  • Growth Potential: Amazon's diversified business model (e-commerce, AWS, media) positions it for sustained growth.
  • Market Leadership: The company is likely to continue influencing industry trends and innovation in tech and retail.