Pursue Wealth Partners LLC Purchases 23,974 Shares of Amazon.com, Inc. $AMZN

Key Points

• Pursue Wealth Partners LLC boosted its Amazon stake by 87% in Q4, buying 23,974 shares to hold 51,535 shares worth $11,895,000, making AMZN 5.8% of the fund and its third‑largest holding.
• Amazon posted a Q1 double‑beat (revenue $181.5B, EPS $2.78) with AWS reaccelerating, sparking analyst price‑target upgrades and Pentagon AI deals/Trainium momentum, though rising AI capex and chip costs have raised near‑term cash‑burn concerns.
• Insider selling remains notable: executives including Jonathan Rubinstein and CEO Douglas J. Herrington sold shares under Rule 10b5‑1 plans, with insiders offloading 128,035 shares worth roughly $28.8M in the last 90 days.

Pursue Wealth Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 87.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,535 shares of the e-commerce giant's stock after buying an additional 23,974 shares during the period. Amazon.com makes up 5.8% of Pursue Wealth Partners LLC's portfolio, making the stock its 3rd largest holding. Pursue Wealth Partners LLC's holdings in Amazon.com were worth $11,895,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Fairway Wealth LLC grew its stake in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $27,000. Bridge Generations Wealth Management LLC grew its stake in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 233 shares during the last quarter. Cooksen Wealth LLC grew its stake in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after buying an additional 47 shares during the last quarter. Finally, PayPay Securities Corp grew its stake in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

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

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 3,849 shares of the company'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 transaction 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 represents a 4.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the sale, the chief executive officer directly owned 499,861 shares of the company's stock, valued at approximately $122,465,945. This trade represents a 3.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 128,035 shares of company stock worth $28,827,479 in the last 90 days. Corporate insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $268.38 on Friday. The company has a 50 day moving average of $223.63 and a 200-day moving average of $227.40. Amazon.com, Inc. has a 1-year low of $183.85 and a 1-year high of $273.88. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.89 trillion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The firm's quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Scotiabank reiterated an "outperform" rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a research note on Thursday. Rosenblatt Securities upped their price target on shares of Amazon.com from $296.00 to $332.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group reiterated a "buy" rating and issued a $333.00 price target (up from $304.00) on shares of Amazon.com in a research note on Wednesday. Citizens Jmp reissued a "market outperform" rating and issued a $315.00 price objective on shares of Amazon.com in a report on Friday, April 10th. Finally, Wall Street Zen downgraded shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.25.

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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