Bingham Private Wealth LLC Invests $4.06 Million in Amazon.com, Inc. $AMZN

Key Points

• Bingham Private Wealth LLC purchased 17,607 shares of Amazon in Q4 valued at about $4.06 million, making AMZN 3.4% of its portfolio and its fourth-largest holding.
• Amazon beat Q1 estimates—EPS $2.78 vs $1.63 and revenue $181.52B—driven by AWS strength, triggering multiple price‑target increases and an average analyst rating of "Moderate Buy" with a $310.25 target.
• Institutional ownership is high (~72.2%), with huge stake increases from Norges Bank, Nuveen, Goldman Sachs and Capital Research worth billions, while insiders have recently sold shares and now own about 8.9%.

Bingham Private Wealth LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,607 shares of the e-commerce giant's stock, valued at approximately $4,064,000. Amazon.com comprises 3.4% of Bingham Private Wealth LLC's portfolio, making the stock its 4th biggest position.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Amazon.com in the 2nd quarter valued at $27,438,011,000. Nuveen LLC bought a new position in Amazon.com during the first quarter worth about $11,674,091,000. Laurel Wealth Advisors LLC grew its stake in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock valued at $2,671,634,000 after acquiring an additional 12,122,668 shares during the period. Goldman Sachs Group Inc. grew its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Amazon.com by 11.3% in the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant's stock worth $20,702,362,000 after acquiring an additional 9,583,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Pivotal Research restated a "buy" rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday. Morgan Stanley lifted their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday. William Blair reissued an "outperform" rating on shares of Amazon.com in a research report on Thursday, April 9th. Finally, Evercore raised their price objective on shares of Amazon.com from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday. One 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 company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $310.25.

Amazon.com Stock Performance

Shares of AMZN stock opened at $268.38 on Friday. The company's fifty day simple moving average is $223.63 and its 200-day simple moving average is $227.35. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.89 trillion, a PE ratio of 32.10, a P/E/G ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $183.85 and a 12 month high of $273.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 7.7 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 3,849 shares of the firm's stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the transaction, the director owned 78,654 shares in the company, valued at $20,450,040. This trade represents a 4.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 128,035 shares of company stock worth $28,827,479. Corporate insiders own 8.90% 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 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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