KBC Group NV Sells 986,285 Shares of Amazon.com, Inc. $AMZN

Key Points

• KBC Group NV cut its Amazon stake by 13%, selling 986,285 shares and retaining 6.57 million shares valued at approximately $1.37 billion. Amazon remains KBC’s fifth-largest holding, representing about 3.4% of its portfolio.
• Amazon reported a strong quarter, with revenue rising 19.6% to $200.61 billion and EPS of $5.75 versus the $1.82 consensus estimate. AWS growth accelerated 37% to $42.2 billion, supporting optimism around enterprise AI demand and prompting several analysts to raise price targets.
• Amazon shares were up 15.3%, while institutional investors owned 72.2% of the stock. However, the company’s increased 2026 capital-spending outlook of $220 billion and below-consensus third-quarter revenue forecast may pressure free cash flow and near-term sentiment.

KBC Group NV lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,572,510 shares of the e-commerce giant's stock after selling 986,285 shares during the quarter. Amazon.com comprises about 3.4% of KBC Group NV's holdings, making the stock its 5th biggest holding. KBC Group NV owned 0.06% of Amazon.com worth $1,368,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Gryphon Financial Partners LLC raised its position in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock valued at $15,221,000 after purchasing an additional 5,125 shares during the last quarter. Narwhal Capital Management grew its position in Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock worth $49,997,000 after purchasing an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Amazon.com by 21.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock worth $5,690,463,000 after purchasing an additional 4,275,942 shares during the last quarter. Weaver Capital Management LLC increased its stake in Amazon.com by 13.6% in the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after purchasing an additional 4,713 shares during the period. Finally, Ethos Financial Group LLC increased its stake in Amazon.com by 9.6% in the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after purchasing an additional 3,196 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,363 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $31,427,876.40. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the completion of the sale, the chief executive officer directly owned 484,527 shares of the company's stock, valued at $116,175,038.79. This represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,719 shares of company stock worth $36,438,002 in the last three months. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Up 15.3%

Shares of NASDAQ:AMZN opened at $271.58 on Friday. The company has a market cap of $2.92 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.01 and a beta of 1.46. The firm's 50-day simple moving average is $245.70 and its 200-day simple moving average is $236.22. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 19.59%. The business's revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 7.84 earnings per share for the current year.

Key Amazon.com News

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

• Positive Sentiment: Amazon reported record quarterly sales of $200.6 billion, up nearly 20% year over year, while earnings per share of $5.75 significantly exceeded the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon second-quarter results
• Positive Sentiment: AWS revenue accelerated 37% to $42.2 billion—its fastest growth in 18 quarters—beating expectations as enterprise AI demand strengthened. The result helped ease concerns that Amazon’s massive AI infrastructure investments would not produce adequate returns. Amazon AWS growth
• Positive Sentiment: Advertising revenue climbed 26% to approximately $19.8 billion, while stronger e-commerce activity and robotics-supported fulfillment added to the broad-based quarterly beat.
• Positive Sentiment: Multiple firms raised their price targets following the results, including JPMorgan to $365, Benchmark to $400, Truist to $350, and RBC to $330. Analysts cited accelerating AWS growth, AI monetization and margin potential. Amazon analyst price targets
• Positive Sentiment: Amazon completed the remaining $35 billion of its planned OpenAI investment, bringing its total commitment to $50 billion. The partnership could support future AWS demand, although it also increases capital commitments. Amazon OpenAI investment
• Neutral Sentiment: Amazon raised its 2026 capital-spending outlook to $220 billion to expand AI and cloud capacity. Management sees demand extending into 2028, but the scale of spending will keep free cash flow and funding requirements under scrutiny.
• Neutral Sentiment: The company expects third-quarter revenue of $197 billion to $202 billion, below the roughly $204.6 billion analyst consensus, creating a potential near-term headwind despite the strong quarter.
• Negative Sentiment: Amazon faces consumer lawsuits alleging misleading seafood sustainability claims and the sale of protein powder allegedly contaminated with heavy metals. The cases could create legal, reputational and compliance costs, though their financial impact is currently unclear. Amazon consumer lawsuit

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. China Renaissance upped their target price on shares of Amazon.com from $300.00 to $326.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Benchmark raised their price target on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company restated an "overweight" rating and issued a $328.00 price target (up from $322.00) on shares of Amazon.com in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday. Finally, Robert W. Baird set a $310.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Friday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $322.12.

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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