KBC Group NV Has $1.74 Billion Stake in Amazon.com, Inc. $AMZN

Key Points

• KBC Group NV raised its Amazon stake 4.4% in Q4 to 7,558,795 shares valued at about $1.74 billion, making AMZN roughly 4.0% of KBC's portfolio and its fifth-largest holding.
• Amazon posted a Q1 double-beat (EPS $2.78 vs. $1.63 est.; revenue $181.52B vs. $177.28B) with AWS reaccelerating, spurring multiple analyst price-target raises and a MarketBeat consensus of a “Moderate Buy” with an average target near $310.
• Corporate insiders have been net sellers (CEO Andy Jassy sold 31,000 shares for ~$7.9M under a 10b5-1 plan); institutional investors own about 72.2% of Amazon while insiders hold 8.9%.

KBC Group NV boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,558,795 shares of the e-commerce giant's stock after purchasing an additional 318,807 shares during the quarter. Amazon.com makes up approximately 4.0% of KBC Group NV's investment portfolio, making the stock its 5th largest holding. KBC Group NV owned about 0.07% of Amazon.com worth $1,744,721,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Lifelong Wealth Advisors Inc. increased its holdings in shares of Amazon.com by 2.4% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock valued at $402,000 after acquiring an additional 41 shares in the last quarter. Financial Connections Group Inc. increased its holdings in shares of Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after acquiring an additional 42 shares in the last quarter. Marquette Asset Management LLC increased its holdings in shares of Amazon.com by 5.1% during the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after acquiring an additional 43 shares in the last quarter. Western Financial Corp CA increased its holdings in shares of Amazon.com by 1.5% during the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock valued at $710,000 after acquiring an additional 44 shares in the last quarter. Finally, Cadence Wealth Management LLC increased its holdings in shares of Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock valued at $292,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $268.38 on Friday. The business's 50 day moving average price is $223.63 and its 200 day moving average price is $227.40. The firm has a market cap of $2.89 trillion, a P/E ratio of 32.10, a P/E/G ratio of 2.01 and a beta of 1.46. Amazon.com, Inc. has a 52 week low of $183.85 and a 52 week high of $273.88. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 31,000 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the sale, the chief executive officer owned 2,207,118 shares in the company, valued at approximately $562,815,090. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 128,035 shares of company stock worth $28,827,479. Corporate insiders own 8.90% of the company's stock.

Key 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 equities analysts have recently issued reports on AMZN shares. Morgan Stanley upped their price objective on shares of Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday. Weiss Ratings downgraded shares of Amazon.com from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, April 22nd. Bank of America upped their price objective on shares of Amazon.com from $298.00 to $310.00 and gave the company a "buy" rating in a report on Thursday. Canaccord Genuity Group upped their target price on Amazon.com from $300.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday. Finally, HSBC upped their target price on Amazon.com from $280.00 to $310.00 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $310.25.

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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