BTC Capital Management Inc. Boosts Stock Holdings in Amazon.com, Inc. $AMZN

BTC Capital Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.7% in the first quarter, Holdings Channel.com reports. The fund owned 158,836 shares of the e-commerce giant’s stock after buying an additional 17,940 shares during the quarter. Amazon.com comprises about 2.2% of BTC Capital Management Inc.’s holdings, making the stock its 9th biggest position. BTC Capital Management Inc.’s holdings in Amazon.com were worth $33,128,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Amazon.com in the 4th quarter worth about $32,868,735,000. Auto Owners Insurance Co lifted its stake in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after buying an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP lifted its stake in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after buying an additional 87,557,736 shares in the last quarter. Nuveen LLC acquired a new position in shares of Amazon.com in the first quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its holdings in shares of Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after buying an additional 25,017,588 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 18th. Oppenheimer raised their price objective on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. New Street Research lifted their price objective 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. TD Securities raised shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, April 10th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $312.78.

Amazon.com News Summary

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

• Positive Sentiment: AWS launched a new $1 billion Forward Deployed Engineering unit to place AI engineers inside customer organizations, which could accelerate enterprise AI adoption and drive more cloud spending. AWS puts $1 billion into new AI unit to embed engineers with customers, joining growing wave
• Positive Sentiment: A Jefferies survey suggested cloud budgets are still rising, with 95% of IT executives planning higher cloud spending in 2026 and AWS seen as a key beneficiary, easing worries that Amazon is overinvesting in AI infrastructure. Amazon Could Be About to Reap the Rewards of a Software Spending Boom
• Positive Sentiment: Prime Day demand looked strong, with reports pointing to record online spending, which supports Amazon’s retail growth and membership engagement. Amazon Stock Surges 4%: Record $26.4 Billion Prime Day Blowout Crushes Wall Street Estimates
• Positive Sentiment: Amazon extended summer savings for Prime members, including fuel and grocery discounts, which may help boost Prime loyalty and shopping activity. From the Gas Pump to the Grill: Prime Introduces Summer Savings Just in Time for the Fourth of July
• Neutral Sentiment: Analyst commentary remains generally bullish, with some firms reiterating buy ratings and high price targets, reinforcing a constructive long-term outlook for AMZN.
• Negative Sentiment: Amazon agreed to pay $2.25 million to settle an FTC case and now faces an Australian lawsuit over Prime Video ads, adding fresh legal overhang. Australia sues Amazon unit over alleged breach via Prime Video ads
• Negative Sentiment: Broader market sentiment toward megacap AI stocks has weakened as investors question heavy AI spending and valuations, which has pressured Amazon alongside other Magnificent Seven names. Investors are abandoning Mag7 stocks as AI boom transforms

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This represents a 18.37% 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 three months, insiders sold 194,774 shares of company stock valued at $51,403,934. Insiders own 8.90% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $238.51 on Wednesday. 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, Inc. has a one year low of $196.00 and a one year high of $278.56. The business’s 50-day moving average price is $255.10 and its two-hundred day moving average price is $234.31. The company has a market capitalization of $2.57 trillion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. Analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

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.