Victory Financial Group LLC Raises Stake in Amazon.com, Inc. $AMZN

Key Points

• Victory Financial Group increased its stake in Amazon by 16.1% in Q4 to 26,283 shares worth $6,067,000, representing about 0.8% of the fund's portfolio and its 21st largest holding.
• Amazon is being re‑priced as an AI/cloud growth story — AWS AI revenue is cited at a >$15B run‑rate, the custom‑chip business >$20B, and a ~$25B data‑center buildout has spurred analysts to raise price targets (average target ~$287.39, majority "Buy").
• At the same time, insiders have been net sellers (CEO Andy Jassy sold 19,872 shares; others also sold, totaling 72,686 shares worth ~$14.9M over 90 days) and heavy capex has cut free cash flow sharply, raising near‑term margin and return concerns.

Victory Financial Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,283 shares of the e-commerce giant's stock after buying an additional 3,636 shares during the period. Amazon.com accounts for approximately 0.8% of Victory Financial Group LLC's portfolio, making the stock its 21st largest position. Victory Financial Group LLC's holdings in Amazon.com were worth $6,067,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. State Street Corp increased its holdings in shares of Amazon.com by 2.0% in the third quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after purchasing an additional 7,584,156 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the period. Norges Bank purchased a new stake in shares of Amazon.com during the second quarter worth approximately $27,438,011,000. Finally, Northern Trust Corp raised its stake in shares of Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Maxim Group lifted their price objective on shares of Amazon.com from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, February 6th. KeyCorp set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 6th. Truist Financial reduced their target price on shares of Amazon.com from $290.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Amazon.com in a research note on Friday, March 27th. Finally, The Goldman Sachs Group increased their price target on shares of Amazon.com from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $287.39.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer directly owned 2,238,118 shares of the company's stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the business's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares in the company, valued at approximately $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 72,686 shares of company stock worth $14,899,239 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: CEO Andy Jassy disclosed AWS AI revenue and a booming custom‑chip business (>$15B AI revenue run‑rate; >$20B chip run‑rate with $50B potential), which validates large AI investments and re‑positions Amazon as a cloud/AI growth leader. Amazon says annual revenue run rate for chips business now over $20 billion
• Positive Sentiment: Amazon announced a major data‑center buildout (reported ~$25B) to support AWS and AI demand — a longer‑term revenue and scale catalyst for cloud and chip adoption. Amazon Stock (AMZN) Pops on $25B Data Center Buildout in Mississippi
• Positive Sentiment: Analysts turned more constructive after the letter; Jefferies and other firms reiterated/raised ratings and price targets, supporting upside momentum. Amazon CEO Andy Jassy's shareholder letter boosts analyst confidence in AI trajectory
• Neutral Sentiment: Macro tailwinds (ceasefire headlines and a broader risk‑on move) have buoyed large-cap tech, helping AMZN rally alongside other AI beneficiaries. Dow Jones Futures: Iran Talks, Earnings In Focus; Google, Amazon, Nvidia In Buy Areas
• Neutral Sentiment: Retail/healthcare execution news — Amazon Pharmacy will offer Eli Lilly’s new GLP‑1 pill via same‑day delivery and kiosks, expanding high‑margin pharmacy volume but with modest near‑term margin impact. Amazon to stock Lilly's new weight-loss pill at US kiosks, offer same-day delivery
• Negative Sentiment: Amazon is adding a temporary fuel surcharge on some fulfillment orders — a signal of rising logistics costs that could pressure retail margins or customer behavior. As Fuel Costs Skyrocket, Amazon Is Adding in New Fuel Surcharges. What Does That Mean for AMZN Stock?
• Negative Sentiment: Heavy, ongoing capital spending has dented free cash flow (reported fall from ~$38B to ~$11B as capex surged), which keeps scrutiny on near‑term returns despite long‑term opportunity. Amazon CEO Andy Jassy defends AI investment plan in annual letter to shareholders
• Negative Sentiment: Insider activity and other data show sustained insider selling and active analyst attention — a mixed signal that some insiders are harvesting gains even as the street raises targets. QQQ is up 0.4% today, on AMZN stock price movement

Amazon.com Trading Up 2.0%

Shares of AMZN opened at $238.38 on Friday. Amazon.com, Inc. has a twelve month low of $165.29 and a twelve month high of $258.60. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.56 trillion, a P/E ratio of 33.25, a PEG ratio of 1.75 and a beta of 1.38. The firm's 50-day moving average is $211.96 and its two-hundred day moving average is $224.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. Amazon.com's revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 6.31 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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