Westchester Capital Management Inc. Has $9.58 Million Position in Amazon.com, Inc. $AMZN

Westchester Capital Management Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,495 shares of the e-commerce giant's stock after purchasing an additional 2,315 shares during the quarter. Amazon.com makes up 2.0% of Westchester Capital Management Inc.'s investment portfolio, making the stock its 20th largest holding. Westchester Capital Management Inc.'s holdings in Amazon.com were worth $9,578,000 as of its most recent filing with the SEC.Summer Is Coming–But There's No End in Sight for This Crypto WinterA number of other large investors also recently modified their holdings of AMZN. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $32,868,735,000. Nuveen LLC acquired a new position in shares of Amazon.com during the first quarter worth approximately $11,674,091,000. Laurel Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 22,085.8% during 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 buying an additional 12,122,668 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Amazon.com by 21.3% during 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 buying an additional 10,176,835 shares during the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Amazon.com by 11.3% during the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant's stock worth $20,702,362,000 after buying an additional 9,583,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds. More Amazon.com NewsHere are the key news stories impacting Amazon.com this week: Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title Amazon.com Stock PerformanceMarketBeat Week in Review – 06/08 - 06/12Shares of NASDAQ:AMZN opened at $238.55 on Friday. The business's fifty day moving average price is $253.49 and its two-hundred day moving average price is $233.62. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The stock has a market capitalization of $2.57 trillion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion for the quarter, compared to analysts' expectations of $177.28 billion. During the same period in the prior year, the business posted $1.59 earnings per share. The business's revenue was up 16.6% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year. Analysts Set New Price TargetsWhy Oracle's 10% Drop May Be Telling the Wrong StoryAMZN has been the subject of a number of research analyst reports. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the stock a "buy" rating in a report on Thursday, April 30th. Benchmark upped their price target on Amazon.com from $275.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. DZ Bank upped their price target on Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Morgan Stanley upped their target price on Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, China Renaissance upped their target price on Amazon.com from $300.00 to $326.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $312.78.Read Our Latest Analysis on Amazon.comInsider Transactions at Amazon.comIn other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 195,774 shares of company stock valued at $51,614,434. 8.90% of the stock is owned by insiders. About Amazon.com (Free Report)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.Featured ArticlesFive stocks we like better than Amazon.comMarketBeat Week in Review – 06/08 - 06/12SpaceX Rings the Bell and Shatters Every RecordAdobe Stock Just Got Cheaper—Is Wall Street Missing the Story?3 Dividend Stocks Under $50 That Pay You to Wait Out InflationThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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