Amazon.com, Inc. $AMZN Shares Sold by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors trimmed its Amazon stake by 1.3% (sold 2,474 shares), leaving 182,061 shares valued at $43.53 million and making AMZN its third‑largest holding (2.6% of the portfolio).
• Strong Q1 beat: Amazon reported $2.78 EPS vs. $1.63 expected and $181.52B revenue, with AWS reaccelerating and prompting a wave of analyst price‑target raises (average target ~$310).
• Institutional activity is heavy and mixed: Vanguard, State Street and others increased positions while Norges Bank initiated a large $27.44B stake, even as insiders sold 128,035 shares (~$28.8M) in the past 90 days.

Foster Victor Wealth Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,061 shares of the e-commerce giant's stock after selling 2,474 shares during the quarter. Amazon.com accounts for 2.6% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 3rd largest position. Foster Victor Wealth Advisors LLC's holdings in Amazon.com were worth $43,534,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. lifted its stake in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. State Street Corp increased its stake in shares of Amazon.com by 2.0% in the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock worth $83,805,794,000 after acquiring an additional 7,584,156 shares during the period. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Norges Bank purchased a new position in shares of Amazon.com during the second quarter worth $27,438,011,000. Finally, Northern Trust Corp lifted its position in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $268.38 on Friday. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 32.10, a PEG ratio of 2.01 and a beta of 1.46. The business has a 50 day simple moving average of $223.63 and a two-hundred day simple moving average of $227.40. Amazon.com, Inc. has a 12 month low of $183.85 and a 12 month high of $273.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $177.28 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The business's revenue was up 16.6% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: Q1 beat: Amazon reported a double‑beat on revenue and EPS, with AWS reaccelerating (large YoY cloud growth and record margins) — this is the core bullish driver for the rally. Amazon Q1 2026 earnings results beat EPS and revenue expectations
• Positive Sentiment: Pentagon AI deals: The U.S. DoD signed agreements that include Amazon Web Services to run AI tools on classified networks — a strategic endorsement for AWS as a secure enterprise AI supplier. Pentagon signs new military AI deals with Nvidia, Microsoft and Amazon
• Positive Sentiment: Analyst upgrades and target hikes: Dozens of firms raised price targets (Morgan Stanley, JPMorgan, Canaccord, Bank of America, etc.), with several new $300+ targets — supporting bullish sentiment and pushing buy ratings. Cluster of price‑target raises and buy ratings for AMZN
• Positive Sentiment: Trainium / in‑house chips: Amazon’s Trainium business shows meaningful revenue commitments and a path to become a standalone AI‑hardware revenue stream, which repositions AMZN as a “picks‑and‑shovels” AI supplier. How the Trainium chip business could move the needle for Amazon
• Neutral Sentiment: Partnerships and product rollout: AWS expanded Bedrock/OpenAI integrations and new agentic AI tools (Rufus, Quick, Connect apps), which add long‑term optionality but will require execution. AWS, OpenAI partner to integrate frontier models into Bedrock
• Negative Sentiment: CapEx and chip costs: Management flagged rising memory/chip prices and a large AI capex program that is eating into free cash flow; Goldman and others warned the hyperscaler spending binge increases near‑term cash burn risk. Jassy: soaring chip prices could pressure Amazon's capex
• Negative Sentiment: Market reaction nuance: Despite the beat, some investors sold on the size/timing of AI investments and softer near‑term guidance, which previously produced intraday dips after earnings. Why AMZN dipped after strong Q1 — capex concerns

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 3,849 shares of Amazon.com stock in a transaction on Friday, April 24th. The shares were sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the sale, the director owned 78,654 shares of the company's stock, valued at $20,450,040. The trade was a 4.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the company's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $8,461,661.70. The trade was a 20.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,035 shares of company stock worth $28,827,479 in the last ninety days. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. Barclays reaffirmed an "overweight" rating and issued a $330.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday. Wells Fargo & Company reiterated an "overweight" rating and set a $313.00 price objective (up from $307.00) on shares of Amazon.com in a research note on Thursday. Telsey Advisory Group boosted their price objective on Amazon.com from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group restated a "buy" rating and issued a $333.00 target price (up from $304.00) on shares of Amazon.com in a research note on Wednesday. Finally, Susquehanna reaffirmed a "positive" rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $310.25.

Amazon.com Profile

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.

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