Amazon.com, Inc. $AMZN Position Lifted by OceanIQ Capital LLC

Key Points

• OceanIQ Capital increased its Amazon stake by 51.1% in the third quarter, bringing its holdings to 22,799 shares worth approximately $5.9 million. Institutional investors and hedge funds collectively own 72.2% of Amazon’s stock.
• Amazon’s latest quarterly results missed expectations, with adjusted earnings of $1.89 per share versus a $1.97 consensus and revenue of $201.94 billion versus $202.22 billion expected. Shares opened down 4.2% at $243.79 amid disappointing guidance and rising spending concerns.
• AWS remained a major strength, with revenue rising 39% and contributing about 63% of operating profit, but Amazon reported roughly $42.4 billion in negative free cash flow as AI and data-center investments surged. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $325.12.

OceanIQ Capital LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,799 shares of the e-commerce giant's stock after buying an additional 7,709 shares during the period. Amazon.com accounts for 3.0% of OceanIQ Capital LLC's investment portfolio, making the stock its 8th largest position. OceanIQ Capital LLC's holdings in Amazon.com were worth $5,895,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. State Street Corp increased its position in Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the last quarter. Bank of America Corp DE purchased a new position in Amazon.com during the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com in the 2nd quarter valued at about $16,341,405,000. Amundi boosted its holdings in Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com in the 2nd quarter valued at about $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

More Amazon.com News

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

• Positive Sentiment: AWS growth accelerated sharply. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth rate in nearly five years, while AWS generated about 63% of Amazon’s operating profit. CEO Andy Jassy said growth could exceed 40% in 2027 and 2028 as businesses continue migrating workloads to the cloud. Amazon AWS revenue grows 39%, leading to wider margin
• Positive Sentiment: Long-term AI and infrastructure demand remains strong. AWS capacity is reportedly booked through much of next year, and Amazon continues to secure power for expansion, including an agreement supporting more than $3 billion of investment at Maryland’s Calvert Cliffs nuclear plant. Amazon also received approval for its Globalstar deal, supporting its satellite-connectivity ambitions. Amazon wins FCC approval for Globalstar deal
• Neutral Sentiment: Amazon held its 2026 capital-expenditure forecast at $220 billion. Management indicated AI-related spending could be “meaningfully” higher in 2027. The investment may support future AWS and AI growth, but investors are demanding clearer evidence that the spending will generate adequate returns. Amazon CEO sees AI spending meaningfully higher in 2027
• Negative Sentiment: Amazon missed quarterly expectations. Adjusted earnings were $1.89 per share versus the roughly $1.97–$2.01 consensus range, while revenue of $201.9 billion was slightly below forecasts. Earnings also declined from the year-ago period. Amazon lags Q3 earnings and revenue estimates
• Negative Sentiment: The fourth-quarter outlook disappointed investors. Amazon projected holiday-quarter sales largely below Wall Street estimates, raising concerns about slower e-commerce demand as inflation and higher household costs weigh on consumers. Amazon projects fourth-quarter sales below estimates
• Negative Sentiment: Cash-flow pressure intensified. Amazon reported approximately $42.4 billion of negative free cash flow as data-center and AI investment surged. The combination of heavy spending, uncertain payback periods, and broader market anxiety over the AI trade is driving the negative reaction despite AWS’s strong performance. Amazon posts negative free cash flow and holds capex unchanged

Amazon.com Stock Down 4.2%

Shares of NASDAQ AMZN opened at $243.79 on Friday. The firm has a market cap of $2.63 trillion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.98 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The business's 50 day moving average is $254.67 and its two-hundred day moving average is $243.12.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 8.00 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. UBS Group reiterated a "buy" rating and issued a $348.00 price objective (up from $318.00) on shares of Amazon.com in a report on Monday. DA Davidson reissued a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Citizens Jmp restated a "market outperform" rating and issued a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Finally, Benchmark upped their price target on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $325.12.

Insider Activity

In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the sale, the chief executive officer directly owned 474,681 shares in the company, valued at $119,382,271.50. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock worth $18,580,515 over the last 90 days. Company insiders own 8.90% of the company's stock.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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