BTC Capital Management Inc. Grows Stock Position in Amazon.com, Inc. $AMZN

Key Points

• BTC Capital Management Inc. increased its Amazon stake by 12.7% in Q1, buying 17,940 additional shares and bringing its total holdings to 158,836 shares worth about $33.1 million.
• Amazon continues to draw strong institutional and analyst support, with 72.2% of shares held by institutions and 57 analysts rating it a Buy; the average target price is $312.78.
• Recent developments are mixed but mostly positive: AWS launched a $1 billion AI engineering unit and cloud spending trends remain favorable, while Amazon also faces new legal scrutiny and some pressure from concerns about heavy AI spending.

BTC Capital Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,836 shares of the e-commerce giant's stock after acquiring an additional 17,940 shares during the quarter. Amazon.com accounts for approximately 2.2% of BTC Capital Management Inc.'s holdings, making the stock its 9th largest position. BTC Capital Management Inc.'s holdings in Amazon.com were worth $33,128,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. MilWealth Group LLC raised its holdings in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership boosted its holdings in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. grew its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 107 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

More Amazon.com News

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

• Positive Sentiment: AWS launched a new $1 billion Forward Deployed Engineering unit to place AI engineers inside customer organizations, which could accelerate enterprise AI adoption and drive more cloud spending. AWS puts $1 billion into new AI unit to embed engineers with customers, joining growing wave
• Positive Sentiment: A Jefferies survey suggested cloud budgets are still rising, with 95% of IT executives planning higher cloud spending in 2026 and AWS seen as a key beneficiary, easing worries that Amazon is overinvesting in AI infrastructure. Amazon Could Be About to Reap the Rewards of a Software Spending Boom
• Positive Sentiment: Prime Day demand looked strong, with reports pointing to record online spending, which supports Amazon’s retail growth and membership engagement. Amazon Stock Surges 4%: Record $26.4 Billion Prime Day Blowout Crushes Wall Street Estimates
• Positive Sentiment: Amazon extended summer savings for Prime members, including fuel and grocery discounts, which may help boost Prime loyalty and shopping activity. From the Gas Pump to the Grill: Prime Introduces Summer Savings Just in Time for the Fourth of July
• Neutral Sentiment: Analyst commentary remains generally bullish, with some firms reiterating buy ratings and high price targets, reinforcing a constructive long-term outlook for AMZN.
• Negative Sentiment: Amazon agreed to pay $2.25 million to settle an FTC case and now faces an Australian lawsuit over Prime Video ads, adding fresh legal overhang. Australia sues Amazon unit over alleged breach via Prime Video ads
• Negative Sentiment: Broader market sentiment toward megacap AI stocks has weakened as investors question heavy AI spending and valuations, which has pressured Amazon alongside other Magnificent Seven names. Investors are abandoning Mag7 stocks as AI boom transforms

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Scotiabank reiterated an "outperform" rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. Wells Fargo & Company set a $312.00 target price on Amazon.com and gave the company an "overweight" rating in a report on Wednesday, May 20th. KeyCorp increased their price target on Amazon.com from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a report on Monday, June 1st. Finally, HSBC boosted their price objective on Amazon.com from $280.00 to $310.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $312.78.

Amazon.com Trading Down 0.7%

Shares of NASDAQ:AMZN opened at $238.51 on Wednesday. The company has a 50 day moving average of $255.10 and a 200-day moving average of $234.31. The firm has a market cap of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.80 and a beta of 1.44. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

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

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This represents a 5.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 194,774 shares of company stock valued at $51,403,934. Company insiders own 8.90% of the company's stock.

About Amazon.com

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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