Next Capital Management LLC Has $8.88 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Next Capital Management reduced its Amazon stake by 5.6% in the first quarter, selling 2,538 shares. It still held 42,650 shares worth approximately $8.88 million, representing 2.7% of its portfolio.
• Amazon reported a strong quarter, with revenue up 19.6% to $200.6 billion and EPS of $5.75 versus the $1.82 consensus estimate. AWS growth accelerated 37% to $42.2 billion, helping reinforce the company’s AI and cloud-growth outlook.
• Analysts broadly remain positive, with a consensus “Moderate Buy” rating and $322.12 price target, while Amazon’s shares rose 15.3%. However, the company’s increased 2026 capital-spending outlook of $220 billion and below-consensus third-quarter revenue guidance remain potential headwinds.

Next Capital Management LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,650 shares of the e-commerce giant's stock after selling 2,538 shares during the quarter. Amazon.com makes up approximately 2.7% of Next Capital Management LLC's investment portfolio, making the stock its 11th largest position. Next Capital Management LLC's holdings in Amazon.com were worth $8,883,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. MilWealth Group LLC boosted its position in 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 fourth quarter valued at about $45,000. Elkhorn Partners Limited Partnership raised its position in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 180 shares during the period. Fairway Wealth LLC lifted its stake in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after buying an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. lifted its stake 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 worth $53,000 after buying an additional 107 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. The Goldman Sachs Group restated a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research report on Friday. TD Cowen reaffirmed a "buy" rating and issued a $350.00 target price (up from $340.00) on shares of Amazon.com in a research report on Friday. Barclays reissued an "overweight" rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday. Arete Research upped their price objective on Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a report on Monday, May 18th. Finally, New Street Research increased their price objective on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $322.12.

Amazon.com Trading Up 15.3%

Shares of NASDAQ:AMZN opened at $271.58 on Friday. The business's 50 day simple moving average is $245.70 and its 200 day simple moving average is $236.22. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market capitalization of $2.92 trillion, a P/E ratio of 21.85, a P/E/G ratio of 2.01 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 19.59% and a net margin of 17.44%.The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 7.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at $31,427,876.40. This represents a 1.93% 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. Insiders have sold 135,719 shares of company stock valued at $36,438,002 in the last ninety days. Insiders own 8.90% of the company's stock.

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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