BlackRock Amends Amazon Stake, Signals Continued Confidence
Ticker: AMZN · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1018724
| Field | Detail |
|---|---|
| Company | Amazon Com INC (AMZN) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Amazon, showing they're bullish.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership of Amazon.com Inc. common stock as of December 31, 2023. This amendment, number 6, indicates that BlackRock continues to hold a significant stake in Amazon, maintaining its position as a major institutional investor. This matters to Amazon shareholders because BlackRock's continued substantial investment signals confidence in the company's long-term prospects and stability from one of the world's largest asset managers.
Why It Matters
This filing shows that BlackRock, a major institutional investor, still holds a significant position in Amazon, which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate risks or significant changes in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which suggests institutional confidence in Amazon, but this filing alone doesn't warrant immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- AMAZON COM INC (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- February 12, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant stake in Amazon throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section and the title 'SCHEDULE 13G (Amendment No: 6)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and 'Names of reporting persons. BlackRock, Inc.'.
What is the subject company of this filing?
The subject company is AMAZON COM INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMAZON COM INC' and 'Name of Issuer) AMAZON COM INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Amazon.com Inc. is 023135106, as listed under '(CUSIP Number) 023135106'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding AMAZON COM INC (AMZN).