PFG Investments LLC Has $36.84 Million Position in Amazon.com, Inc. $AMZN

Key Points

• PFG Investments LLC increased its Amazon stake by 2.6% in the first quarter, ending with 176,888 shares valued at about $36.84 million. Amazon now represents roughly 1.7% of the firm’s portfolio and is its sixth-largest holding.
• Insiders have been selling shares: CEO Douglas J. Herrington and director Jonathan Rubinstein both trimmed holdings in recent transactions, and insiders sold 175,274 shares worth $46.6 million over the last 90 days.
• Analysts remain broadly bullish on AMZN, with 57 Buy ratings and an average price target of $312.79. The company also posted strong quarterly results, beating EPS and revenue estimates with revenue up 16.6% year over year.

PFG Investments LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,888 shares of the e-commerce giant's stock after purchasing an additional 4,464 shares during the period. Amazon.com makes up about 1.7% of PFG Investments LLC's investment portfolio, making the stock its 6th biggest position. PFG Investments LLC's holdings in Amazon.com were worth $36,840,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AMZN. Brighton Jones LLC increased its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after acquiring an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its holdings in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the fourth quarter valued at about $2,153,000. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer owned 471,361 shares in the company, valued at $129,624,275. The trade was a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the business's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the sale, the director owned 78,654 shares of the company's stock, valued at approximately $20,450,040. This trade represents a 4.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 175,274 shares of company stock worth $46,621,204. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AMZN shares. New Street Research boosted their price objective on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, May 4th. KeyCorp raised their target price on shares of Amazon.com from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 6th. Needham & Company LLC boosted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Barclays restated an "overweight" rating on shares of Amazon.com in a report on Tuesday, June 9th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $312.79.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $247.31 on Tuesday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a 50 day moving average price of $252.68 and a 200 day moving average price of $235.46. The stock has a market capitalization of $2.66 trillion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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 company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the company posted $1.59 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Several commentators argue Amazon’s current valuation looks attractive after the sell-off, with its P/E near multi-year lows and earnings growth still intact. Article Title
• Positive Sentiment: Market coverage highlighted Amazon as one of the hyperscalers positioned to benefit as heavy AI capex eventually translates into stronger free cash flow, improving the long-term risk/reward profile. Article Title
• Positive Sentiment: Amazon’s AI chip strategy drew attention, with a report suggesting Trainium and Inferentia could evolve into a broader external compute business, creating another growth avenue beyond AWS. Article Title
• Positive Sentiment: Analysts and media reports emphasized that Amazon Web Services revenue is accelerating, while AI demand and new business opportunities inside Amazon’s delivery network could support future growth. Article Title
• Neutral Sentiment: Coverage of Amazon joining a broader big-tech AI spending spree underscored the company’s scale and strategic importance, but also reminded investors that capex remains elevated and will pressure near-term free cash flow. Article Title
• Negative Sentiment: One report framed Amazon as a “loser” in the AI infrastructure transfer, arguing hyperscalers are funding chipmakers’ growth while absorbing heavy cash burn themselves. Article Title
• Negative Sentiment: Investors also continued to digest Amazon’s plan to issue $25 billion in new debt to fund AI infrastructure, which may raise concerns about balance-sheet pressure and returns on investment. Article Title

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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