Amazon.com, Inc. $AMZN Stock Holdings Lifted by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services raised its stake in Amazon by 0.7% in Q3 to 6,678,437 shares (about $1.466 billion), making AMZN its 12th-largest holding.
• Analysts remain constructive with a consensus "Moderate Buy" and a $287.29 target as AWS momentum—including a new healthcare AI product and continued Anthropic hosting—supports the revenue outlook.
• Near-term risks include reported AWS data‑center attacks and customer outages, plus insider selling (including the CEO and SVP); the stock fell 2.6% amid a slight EPS miss ($1.95 vs. $1.97) despite a revenue beat.

PNC Financial Services Group Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,678,437 shares of the e-commerce giant's stock after purchasing an additional 45,832 shares during the period. Amazon.com accounts for 0.9% of PNC Financial Services Group Inc.'s investment portfolio, making the stock its 12th biggest holding. PNC Financial Services Group Inc. owned 0.06% of Amazon.com worth $1,466,384,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMZN. Fairway Wealth LLC increased its position in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $27,000. Bridge Generations Wealth Management LLC lifted its position in Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 233 shares during the last quarter. Cooksen Wealth LLC lifted its position in shares of Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock worth $54,000 after purchasing an additional 47 shares during the last quarter. Finally, PayPay Securities Corp lifted its holdings in shares of Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock worth $55,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMZN shares. KeyCorp set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 6th. Argus reissued a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a report on Friday, February 6th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, February 6th. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, February 6th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $310.00 price objective (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $287.29.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS launched an agentic healthcare AI product (Amazon Connect Health) that expands high‑margin cloud workloads into regulated healthcare, offering a tangible new revenue stream for AWS. Amazon launches AI-enabled platform to automate healthcare administrative tasks
• Positive Sentiment: Amazon continues to host Anthropic’s Claude for non‑defense workloads after Pentagon concerns, preserving a key AI partner relationship that supports continued AWS AI demand. Amazon says customers can keep using Anthropic's Claude on its cloud for non-defense workloads
• Positive Sentiment: Wall Street and active managers are adding conviction: BofA and TD Cowen reiterations and ARK/other fund buys signal analyst and institutional support for an AWS‑led re‑rating. Anthropic growth set to boost Amazon's AWS revenue acceleration, says Bank of America
• Positive Sentiment: Amazon Data Services’ $427M acquisition of George Washington University’s Virginia campus signals longer‑term AWS capacity expansion (infra investment that supports growth). Amazon (AMZN) Buys George Washington University’s Virginia Campus for $427 Million
• Neutral Sentiment: Amazon joined a non‑binding White House “Ratepayer Protection Pledge” to cover data‑center power upgrade costs — removes some political overhang but is unlikely to change near‑term economics materially. Tech Giants Sign Ratepayer Protection Pledge On Power For Data Centers
• Neutral Sentiment: Short‑interest entries reported are effectively meaningless (zero/NaN in feeds) and don’t provide a reliable signal for current positioning. SEC Form 4 — insider sale disclosure
• Negative Sentiment: Geopolitical / operational risk spiked after reported drone strikes and attacks on AWS data centers in the Gulf (UAE/Bahrain), causing regional outages and highlighting potential disruption, repair and insurance exposures. Iran hits Amazon data centres in jolt to Gulf AI drive
• Negative Sentiment: Customer‑facing outages (site/checkout issues) and Downdetector spikes this week are short‑term hits to sales and reputation that can pressure near‑term revenue and sentiment. Amazon online store suffers outage for some users
• Negative Sentiment: Amazon cut ~100 white‑collar roles in its robotics division — cost‑cutting that could help margins but also signals program disruptions and execution risk in a strategic automation area. Amazon eliminates 100 white-collar jobs in robotics team
• Negative Sentiment: Insider selling (CEO disclosed sale of 1,000 shares) is modest but can add to short‑term negative sentiment when combined with other headwinds. SEC Form 4 — insider sale disclosure

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 10,649 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. The trade was a 20.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,686 shares of company stock valued at $14,688,739 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 2.6%

NASDAQ:AMZN opened at $213.31 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $224.83 and a two-hundred day moving average price of $227.21. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a market cap of $2.29 trillion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.64 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company 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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