Patriot Financial Group Insurance Agency LLC Increases Position in Amazon.com, Inc. $AMZN

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Amazon by 14.0%, buying 6,571 shares to hold 53,454 shares worth about $12.34 million, making AMZN its 7th-largest position (≈1.5% of holdings).
• Large institutions continue to own the bulk of AMZN (≈72.2%) with Vanguard, State Street and others adding shares, while insiders have sold ~191,593 shares (~$46.3M) in the past three months, including CEO Andrew Jassy under a pre-arranged 10b5‑1 plan.
• Q1 beat — Amazon reported $2.78 EPS on $181.52B revenue with AWS growth reaccelerating and the launch of Amazon Supply Chain Services, but heavy AI/infrastructure spending has compressed free cash flow, creating execution and timing risk.

Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,454 shares of the e-commerce giant's stock after purchasing an additional 6,571 shares during the period. Amazon.com makes up about 1.5% of Patriot Financial Group Insurance Agency LLC's holdings, making the stock its 7th biggest position. Patriot Financial Group Insurance Agency LLC's holdings in Amazon.com were worth $12,338,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. State Street Corp boosted its position in shares of Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock worth $83,805,794,000 after purchasing an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,438,011,000. Finally, Northern Trust Corp grew its stake in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares during the period. 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: Q1 beat and AWS reacceleration — Amazon reported stronger‑than‑expected Q1 revenue and EPS with AWS growth reaccelerating, reinforcing the thesis that AI demand is lifting cloud backlog and revenue prospects. Read More.
• Positive Sentiment: Launch of Amazon Supply Chain Services — AMZN opened its freight/fulfillment/parcel network to third parties, creating a potential high‑margin, scalable business (markets are comparing the opportunity to the early AWS monetization path). Read More.
• Positive Sentiment: Wall Street momentum — multiple firms raised price targets (example: BNP Paribas lift), adding analyst validation and buyer interest. Read More.
• Positive Sentiment: Product / commercial expansion — same‑day fresh grocery deliveries and other Business offerings widen TAM and recurring order flows for Amazon Business. Read More.
• Neutral Sentiment: Insider sales disclosed — several pre‑arranged 10b5‑1 filings (CEO, directors) show planned selling; typical for tax/planning but worth monitoring for timing/scale. Read More.
• Neutral Sentiment: Operational AI moves with unclear near‑term monetization — Amazon is expanding internal AI tooling and exploring merging AI chat into search; improves UX/productivity but revenue timing is uncertain. Read More.
• Negative Sentiment: CapEx and free‑cash‑flow pressure — the $200B+ AI/infra buildout and ramped capex have compressed FCF (reported drop from prior levels), creating execution and timing risk if AWS/AI monetization lags. Read More.
• Negative Sentiment: Analyst caveats on earnings quality — some analysts warn the current cloud/AI backlog may be partly cyclical or concentrated (OpenAI/Anthropic exposure), which could make near‑term results look stronger than sustainable growth. Read More.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMZN shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. President Capital reduced their price objective on Amazon.com from $320.00 to $296.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. HSBC boosted their price objective on Amazon.com from $280.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Daiwa Securities Group cut their target price on Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Finally, Rothschild & Co Redburn set a $230.00 price target on shares of Amazon.com in a research report on Wednesday, January 21st. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $313.09.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the sale, the chief executive officer directly owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the completion of the sale, the director owned 74,948 shares of the company's stock, valued at approximately $20,462,302.96. This trade represents a 4.71% 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 three months, insiders have sold 191,593 shares of company stock worth $46,289,241. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Up 0.6%

Shares of NASDAQ:AMZN opened at $275.06 on Thursday. The business's 50 day moving average is $226.29 and its 200 day moving average is $228.31. Amazon.com, Inc. has a 12-month low of $185.01 and a 12-month high of $278.56. The stock has a market cap of $2.96 trillion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.97 and a beta of 1.46. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 8 earnings per share for the current fiscal year.

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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