QRG Capital Management Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,722,977 shares of the e-commerce giant’s stock after acquiring an additional 286,101 shares during the quarter. Amazon.com accounts for about 2.8% of QRG Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. QRG Capital Management Inc.’s holdings in Amazon.com were worth $388,850,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. State Street Corp raised its position in shares of Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com during the second quarter worth approximately $16,341,405,000. Amundi increased its stake in shares of Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after buying an additional 2,421,739 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Amazon.com by 3.3% in the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant’s stock worth $13,757,993,000 after buying an additional 1,879,630 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $251.50, for a total value of $251,500.00. Following the sale, the chief executive officer directly owned 474,681 shares in the company, valued at approximately $119,382,271.50. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,024,217.80. This trade represents a 1.92% 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 sold 71,589 shares of company stock valued at $18,580,515 over the last three months. 8.90% of the stock is currently owned by company insiders.
Amazon.com Stock Up 3.3%
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $325.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Citizens Jmp reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Evercore set a $355.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, August 28th. Finally, Bank of America boosted their price objective on Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.
Check Out Our Latest Stock Report on AMZN
Amazon.com News Roundup
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
- Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
- Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
- Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
- Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
- Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.
About Amazon.com
Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.
Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.
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