BlackRock Amends Amazon Stake, Signals Continued Confidence

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

From the Filing

0001086364-24-006979.txt : 20240212 0001086364-24-006979.hdr.sgml : 20240212 20240212161719 ACCESSION NUMBER: 0001086364-24-006979 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMAZON COM INC CENTRAL INDEX KEY: 0001018724 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911646860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53341 FILM NUMBER: 24620157 BUSINESS ADDRESS: STREET 1: 410 TERRY AVENUE NORTH CITY: SEATTLE STATE: WA ZIP: 98109 BUSINESS PHONE: 2062661000 MAIL ADDRESS: STREET 1: 410 TERRY AVENUE NORTH CITY: SEATTLE STATE: WA ZIP: 98109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0231351067_021224.txt us0231351067_021224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) AMAZON COM INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 023135106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 023135106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 565960396 (6) Shared voting power 0 (7) Sole dispositive power 630188686 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 630188686 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AMAZON COM INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 410 TERRY AVENUE NORTH SEATTLE WA 98109 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------