Forteris Wealth Management Inc. Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• Forteris Wealth Management opened a new position in Amazon, buying 6,984 shares (~$1,612,000), which represents 1.6% of its holdings and is its 22nd-largest position.
• Amazon beat Q1 estimates (EPS $2.78 vs. $1.63; revenue $181.5B vs. $177.3B) with AWS reaccelerating and Pentagon AI deals boosting sentiment, prompting multiple analyst price-target raises and a consensus target of $310.25.
• Insider selling and cost concerns: CEO Andy Jassy sold 31,000 shares and insiders have sold 128,035 shares (~$28.8M) in the last 90 days, while management warned rising chip prices and large AI capex could pressure near-term free cash flow, which dented some investor enthusiasm.

Forteris Wealth Management Inc. purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,984 shares of the e-commerce giant's stock, valued at approximately $1,612,000. Amazon.com makes up 1.6% of Forteris Wealth Management Inc.'s holdings, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lifelong Wealth Advisors Inc. increased its position in Amazon.com by 2.4% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after buying an additional 41 shares in the last quarter. Financial Connections Group Inc. raised its position in shares of Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after purchasing an additional 42 shares during the period. Marquette Asset Management LLC raised its position in shares of Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after purchasing an additional 43 shares during the period. Western Financial Corp CA raised its position in shares of Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock valued at $710,000 after purchasing an additional 44 shares during the period. Finally, Cadence Wealth Management LLC raised its position in shares of Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock valued at $292,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

More Amazon.com News

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

Analyst Ratings Changes

Several brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday. Scotiabank restated an "outperform" rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Thursday. Moffett Nathanson raised their price objective on shares of Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research report on Tuesday, April 7th. Barclays restated an "overweight" rating and set a $330.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday. Finally, KeyCorp raised their price objective on shares of Amazon.com from $325.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $310.25.

Amazon.com Price Performance

Amazon.com stock opened at $268.38 on Monday. The firm has a 50-day moving average price of $223.63 and a 200-day moving average price of $227.48. The firm has a market capitalization of $2.89 trillion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46. 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, 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 (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business's revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,000 shares of the firm's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $255.00, for a total value of $7,905,000.00. Following the completion of the sale, the chief executive officer owned 2,207,118 shares in the company, valued at approximately $562,815,090. This trade represents a 1.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the firm's stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the completion of the sale, the chief executive officer owned 499,861 shares of the company's stock, valued at $122,465,945. This trade represents a 3.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 128,035 shares of company stock worth $28,827,479. 8.90% of the stock is currently owned by insiders.

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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