VectorGlobal IAG Inc. Purchases Shares of 68,227 Amazon.com, Inc. $AMZN

Key Points

• VectorGlobal IAG acquired 68,227 Amazon shares worth approximately $14.2 million in the first quarter, making Amazon its fifth-largest portfolio holding at 3.7%.
• Amazon reported strong quarterly results, with EPS of $5.75 versus an $1.82 consensus estimate and revenue of $200.61 billion, up 19.6% year over year.
• Analysts remain broadly bullish, with 56 Buy ratings, an average “Moderate Buy” consensus and an average price target of $322.56, compared with shares opening at $262.65.

VectorGlobal IAG Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,227 shares of the e-commerce giant's stock, valued at approximately $14,210,000. Amazon.com makes up about 3.7% of VectorGlobal IAG Inc.'s investment portfolio, making the stock its 5th largest position.

Several other hedge funds also recently made changes to their positions in the business. Gryphon Financial Partners LLC boosted its position in Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Amazon.com by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after purchasing an additional 5,104 shares during the period. Narwhal Capital Management raised its position in shares of Amazon.com by 2.3% in the fourth 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 during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Amazon.com by 21.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock worth $5,690,463,000 after buying an additional 4,275,942 shares during the last quarter. Finally, Weaver Capital Management LLC lifted its stake in shares of Amazon.com by 13.6% in the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock worth $9,063,000 after buying an additional 4,713 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.9%

Shares of Amazon.com stock opened at $262.65 on Friday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a market capitalization of $2.83 trillion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company's fifty day moving average price is $247.91 and its two-hundred day moving average price is $238.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm earned $1.68 EPS. On average, analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Institutional buying supports sentiment. Thrive Capital disclosed a roughly $215 million Amazon position, while Baupost Group added 625,100 shares and Dodge & Cox increased its holding by approximately 1.6 million shares. Thrive Capital discloses Amazon stake
• Positive Sentiment: AWS remains the central bullish catalyst. Commentary points to accelerating AWS growth for five consecutive quarters, a substantial backlog and customer demand extending into 2028. Amazon Web Services also became AppFolio’s preferred cloud provider, adding evidence of enterprise demand. AppFolio selects AWS
• Positive Sentiment: New growth opportunities are expanding. Amazon won a Space Force communications contract, while its AI infrastructure spending is helping drive demand for data-center and semiconductor suppliers. Analysts cited in recent coverage remain bullish on both Amazon and Alphabet. Amazon wins Space Force contract
• Neutral Sentiment: Valuation remains a debate. Amazon is viewed favorably versus some large-cap peers, but coverage notes that its forward earnings multiple is higher than its trailing multiple. That may reflect expected earnings growth, though it leaves less room for execution disappointments.
• Negative Sentiment: Retail data raised demand concerns. U.S. retail sales fell in July, with online spending declining after Amazon’s summer sales event. Higher fuel and operating costs may also pressure big-box retailers and consumer purchasing power. July retail sales decline
• Negative Sentiment: AI investment brings financial and execution risk. Amazon and other hyperscalers are issuing significant debt to fund infrastructure expansion, increasing concerns about returns on spending and potential pressure on future profits. Amazon’s lack of a dividend may also limit appeal for income-focused investors.
• Negative Sentiment: Twitch backlash adds reputational risk. Twitch’s decision to use livestream content for Amazon AI training, with the feature reportedly enabled automatically, has angered creators and could create privacy, regulatory and user-retention concerns. Twitch AI data-sharing backlash

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,370 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.39, for a total value of $1,671,424.30. Following the completion of the transaction, the chief executive officer directly owned 486,527 shares of the company's stock, valued at approximately $127,659,819.53. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $31,427,876.40. The trade was a 1.93% 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 quarter, insiders have sold 62,650 shares of company stock valued at $16,535,457. 8.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMZN shares. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. New Street Research boosted their target price on shares of Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Arete Research raised their price target on Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, HSBC reissued a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $322.56.

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.

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