QRG Capital Management Inc. Buys 107,536 Shares of Amazon.com, Inc. $AMZN

Key Points

• QRG Capital Management increased its Amazon stake by 8.1% in the first quarter, buying 107,536 additional shares and bringing its total holdings to 1,436,876 shares worth about $299.3 million.
• Amazon’s stock has seen broad institutional support, with hedge funds and large investors owning about 72.2% of shares. The company also remains a major portfolio holding for QRG, where it ranks as the firm’s 4th largest position.
• Analysts remain broadly bullish on Amazon, with multiple firms raising price targets and a consensus rating of Moderate Buy. The article also notes strong recent earnings and continued optimism around AWS and AI-related growth, despite some caution around debt-funded investment.

QRG Capital Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,436,876 shares of the e-commerce giant's stock after buying an additional 107,536 shares during the period. Amazon.com makes up 3.1% of QRG Capital Management Inc.'s portfolio, making the stock its 4th biggest position. QRG Capital Management Inc.'s holdings in Amazon.com were worth $299,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Narwhal Capital Management grew its stake 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 valued at $49,997,000 after purchasing an additional 4,854 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 21.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock valued at $5,690,463,000 after purchasing an additional 4,275,942 shares in the last quarter. Weaver Capital Management LLC raised its position in shares of Amazon.com by 13.6% in the 4th 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 in the last quarter. Ethos Financial Group LLC boosted its stake in shares of Amazon.com by 9.6% during the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after buying an additional 3,196 shares during the last quarter. Finally, Culbertson A N & Co. Inc. boosted its stake in shares of Amazon.com by 8.6% during the 4th quarter. Culbertson A N & Co. Inc. now owns 30,444 shares of the e-commerce giant's stock valued at $7,027,000 after buying an additional 2,412 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN opened at $247.49 on Wednesday. The business's fifty day moving average price is $252.16 and its 200 day moving average price is $235.57. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The stock has a market capitalization of $2.66 trillion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.84 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS 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 firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The firm's revenue was up 16.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and an attractive valuation heading into the company’s upcoming quarterly report.
• Positive Sentiment: Wells Fargo raised its price target on Amazon, adding to the bullish analyst backdrop and reinforcing expectations for continued upside if earnings and cloud trends remain strong.
• Positive Sentiment: Several articles highlighted Amazon’s AI and cloud strengths, including optimism around AWS momentum, custom AI chips like Trainium, and the possibility that Amazon could broaden its AI compute business beyond internal use.
• Neutral Sentiment: Amazon’s planned $25 billion bond sale is part of its broader AI infrastructure buildout, showing management is still leaning into heavy investment to support future growth.
• Neutral Sentiment: Coverage also noted that Amazon is well positioned for future demand in data centers, cloud computing, and e-commerce, which keeps the long-term investment case intact despite near-term volatility.
• Negative Sentiment: The bond market showed weaker-than-average demand for Amazon’s debt offering and required wider concessions, signaling that investors may be getting more cautious about hyperscaler borrowing to fund AI spending.
• Negative Sentiment: New York’s move to pause new AI data centers, along with similar proposals in other states, could create a regulatory hurdle for Amazon’s future AI and cloud expansion plans.
• Negative Sentiment: Amazon’s shutdown plans in Quebec and ongoing criticism around AI-related job cuts also add a modest overhang on sentiment, though these issues appear less central than the financing and AI-growth debate.

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Raymond James Financial restated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. Cantor Fitzgerald reiterated an "overweight" rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Citizens Jmp reissued a "market outperform" rating and set a $315.00 price objective on shares of Amazon.com in a report on Friday, April 10th. Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Monness Crespi & Hardt upped their target price on shares of Amazon.com from $280.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $312.79.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,270 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Matthew S. Garman sold 15,467 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. This represents a 52.21% 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. In the last 90 days, insiders sold 175,274 shares of company stock worth $46,621,204. Company insiders own 8.90% of the company's stock.

Amazon.com 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.