Zevenbergen Capital Investments LLC Has $195.14 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Zevenbergen Capital trimmed its Amazon stake by 16.1% in Q4, now holding 845,418 shares worth about $195.14 million, which represents roughly 4.3% of the fund and is its fifth-largest holding.
• Operational momentum at Amazon: AWS’s custom chips (Graviton/Trainium) now have an annual revenue run rate above $20 billion and enterprise customers like Uber are expanding usage, supporting cloud revenue and margin prospects.
• Market and insider signals diverge — analysts give Amazon a consensus rating of "Moderate Buy" with an average price target of $287.39, while insiders sold 72,686 shares (~$14.9 million) in the past three months, including CEO Andy Jassy's sale of 19,872 shares.

Zevenbergen Capital Investments LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 845,418 shares of the e-commerce giant's stock after selling 162,036 shares during the quarter. Amazon.com accounts for about 4.3% of Zevenbergen Capital Investments LLC's holdings, making the stock its 5th biggest holding. Zevenbergen Capital Investments LLC's holdings in Amazon.com were worth $195,139,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. American Capital Advisory LLC raised its holdings in Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after purchasing an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amazon.com in the third quarter worth $451,642,000. Baltimore Washington Financial Advisors Inc. raised its holdings in Amazon.com by 1.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock worth $52,667,000 after purchasing an additional 4,558 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in Amazon.com by 3.9% in the third quarter. Wealthfront Advisers LLC now owns 1,145,151 shares of the e-commerce giant's stock worth $251,441,000 after purchasing an additional 42,707 shares in the last quarter. Finally, Pettee Investors Inc. raised its holdings in Amazon.com by 16.9% in the third quarter. Pettee Investors Inc. now owns 19,623 shares of the e-commerce giant's stock worth $4,309,000 after purchasing an additional 2,838 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AMZN. Barclays reiterated a "buy" rating on shares of Amazon.com in a report on Monday, March 23rd. Rosenblatt Securities reduced their price target on Amazon.com from $305.00 to $296.00 and set a "buy" rating for the company in a report on Friday, February 6th. Wells Fargo & Company raised their price target on Amazon.com from $304.00 to $305.00 and gave the company an "overweight" rating in a report on Thursday, April 2nd. Guggenheim restated a "buy" rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, February 6th. Finally, Truist Financial reduced their price target on Amazon.com from $290.00 to $280.00 and set a "buy" rating for the company in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $287.39.

Amazon.com Trading Up 3.5%

Amazon.com stock opened at $221.25 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. Amazon.com, Inc. has a one year low of $165.29 and a one year high of $258.60. The stock has a market capitalization of $2.38 trillion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.38. The business's fifty day moving average is $212.14 and its 200 day moving average is $223.98.

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

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon says its custom chips business (Graviton/Trainium) now has an annual revenue run rate above $20 billion — a major validation of AWS’s custom silicon strategy and a direct revenue driver for margins and server-side economics. Amazon says annual revenue run rate for chips business now over $20 billion
• Positive Sentiment: Several Wall Street firms raised targets/estimates (Moffett Nathanson to $288, Cantor Fitzgerald to $260) and Erste Group nudged FY2026–27 EPS estimates higher — analyst support that can lift sentiment and provide buying conviction. Moffett Nathanson Raises Amazon.com Price Target to $288.00 Cantor Fitzgerald raises price target to $260 Erste Group Bank boosts FY2026/2027 EPS estimates
• Positive Sentiment: Enterprise customers continue to deepen AWS usage: Uber is expanding use of Graviton and trialing Trainium3 — a commercial win that supports AWS CPU/AI adoption and long-term cloud revenue growth. Uber is the latest to be won over by Amazon's AI chips
• Neutral Sentiment: Amazon’s 2025 shareholder letter highlights continued investment in robotics, rural delivery and LEO (satellite) expansion — strategic initiatives that are long-term positives but require heavy capex and time to monetize. Amazon Highlights Robotics, Rural Delivery and LEO Expansion
• Neutral Sentiment: Market chatter that Amazon may pursue satellite assets (Globalstar) has raised both strategic upside and execution/price concerns — the item is a potential catalyst but comes with integration risk and investor skepticism. Amazon: Could Globalstar Be the Missing Spark the Stock Needs?
• Negative Sentiment: Content creators sued Amazon alleging its video AI was trained on scraped YouTube videos — a legal/PR risk that could increase regulatory and litigation costs if it gains traction. YouTubers Sue Amazon, Claim AI Tool Was Trained on Scraped Videos
• Negative Sentiment: Investor pressure over data-center water use and local pushback on new sites remains a reputational and operational risk as Amazon ramps AI-related capex. Amazon Data Center Water Concerns Put ESG In Focus For Investors
• Negative Sentiment: Amazon will end support for pre-2012 Kindles in May, which has drawn consumer backlash — minor revenue/PR downside but limited financial impact relative to AWS/capex story. Amazon to end support for older Kindle devices

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the 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 sale, the chief executive officer directly owned 2,238,118 shares of the company's stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 10,649 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 72,686 shares of company stock valued at $14,899,239 over the last three months. 9.70% of the stock is owned by insiders.

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.

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.