Amazon.com, Inc. $AMZN Stake Boosted by Annex Advisory Services LLC

Key Points

• Annex Advisory Services boosted its Amazon stake by 6.9% to 460,821 shares (about $106.4M), making AMZN 2.0% of its portfolio and its 10th‑largest holding.
• Amazon posted a Q1 double‑beat (EPS $2.78 vs $1.63 est; revenue $181.52B vs $177.28B) driven by a reaccelerating AWS, sparking analyst price‑target raises and stronger bullish sentiment.
• Major institutions (Vanguard, State Street, Geode, and a new Norges Bank position) continue to build large stakes—institutions own ~72.2% of AMZN—while insiders have sold ~128k shares recently and management warns of near‑term capex/chip cost pressures.

Annex Advisory Services LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 460,821 shares of the e-commerce giant's stock after purchasing an additional 29,823 shares during the quarter. Amazon.com makes up 2.0% of Annex Advisory Services LLC's investment portfolio, making the stock its 10th largest holding. Annex Advisory Services LLC's holdings in Amazon.com were worth $106,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew 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 in the last quarter. State Street Corp grew its stake in Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after acquiring an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Norges Bank purchased a new position in Amazon.com during the 2nd quarter valued at about $27,438,011,000. Finally, Northern Trust Corp grew its stake in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

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

Amazon.com Stock Up 1.3%

AMZN opened at $268.38 on Friday. Amazon.com, Inc. has a 1-year low of $183.85 and a 1-year high of $273.88. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 2.01 and a beta of 1.46. The business has a 50 day moving average of $223.63 and a 200-day moving average of $227.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America boosted their price target on Amazon.com from $298.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday. Citigroup reissued a "buy" rating and issued a $325.00 price target (up from $285.00) on shares of Amazon.com in a research note on Thursday. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the company a "buy" rating in a research note on Thursday. Robert W. Baird upped their target price on Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Rosenblatt Securities upped their target price on Amazon.com from $296.00 to $332.00 and gave the stock a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $310.25.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 20,500 shares of the company's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total value of $5,022,500.00. Following the completion of the transaction, the chief executive officer directly owned 499,861 shares in the company, valued at approximately $122,465,945. This represents a 3.94% decrease in their ownership of the stock. 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, CEO Matthew S. Garman sold 17,751 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company's stock, valued at $1,930,094.10. The trade was a 65.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,035 shares of company stock valued at $28,827,479 in the last ninety days. 8.90% of the stock is currently owned by insiders.

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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