Amazon.com, Inc. $AMZN Shares Purchased by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 362,770 shares of the e-commerce giant’s stock after purchasing an additional 46,382 shares during the quarter. Amazon.com comprises approximately 3.8% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 7th largest position. Coronation Fund Managers Ltd.’s holdings in Amazon.com were worth $83,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Munich Reinsurance Co Stock Corp in Munich increased its stake in shares of Amazon.com by 24.4% in the 4th quarter. Munich Reinsurance Co Stock Corp in Munich now owns 341,323 shares of the e-commerce giant’s stock worth $79,368,000 after acquiring an additional 66,913 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Amazon.com by 6.9% in the 4th quarter. Impax Asset Management Group plc now owns 387,433 shares of the e-commerce giant’s stock worth $89,427,000 after acquiring an additional 25,075 shares during the last quarter. Pinion Investment Advisors LLC increased its stake in shares of Amazon.com by 3.8% in the 4th quarter. Pinion Investment Advisors LLC now owns 15,580 shares of the e-commerce giant’s stock worth $3,596,000 after acquiring an additional 573 shares during the last quarter. Riverbend Wealth Management LLC increased its stake in shares of Amazon.com by 10.1% in the 4th quarter. Riverbend Wealth Management LLC now owns 13,713 shares of the e-commerce giant’s stock worth $3,165,000 after acquiring an additional 1,263 shares during the last quarter. Finally, Peoples Bank OH increased its stake in shares of Amazon.com by 1.9% in the 4th quarter. Peoples Bank OH now owns 8,318 shares of the e-commerce giant’s stock worth $1,920,000 after acquiring an additional 153 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com News Roundup

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

• Positive Sentiment: Wall Street analysts raised earnings expectations and price targets, citing strong grocery delivery and AWS/cloud growth. Amazon (AMZN) Stock: Wall Street Analysts Raise Targets on Grocery Delivery and Cloud Expansion
• Positive Sentiment: Amazon continues to lean into AI, including a shift toward an AI-powered Alexa shopping assistant and broader agentic commerce ambitions, which supports the growth narrative. Amazon Unveils AI Search Overhaul To Defend Online Shopping Dominance
• Positive Sentiment: Technical coverage noted Amazon remains above a key breakout level, suggesting the stock’s chart trend is still constructive. Amazon Holds Breakout Above $252
• Positive Sentiment: Investor interest remains strong, with reports highlighting bullish commentary from prominent funds and analysts, plus added attention from high-profile holders. Trump went big on tech stocks in first quarter of 2026, new filings show
• Neutral Sentiment: Amazon remains a major focus of market commentary because of its AI spending, cloud expansion, and growing role in digital advertising, but these articles are mostly thematic rather than immediate stock-moving catalysts.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 target price on Amazon.com and gave the stock a “buy” rating in a research note on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $313.00 target price (up from $307.00) on shares of Amazon.com in a research note on Thursday, April 30th. Canaccord Genuity Group raised their target price on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Roth Mkm raised their target price on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.52.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at $1,930,094.10. The trade was a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 190,593 shares of company stock worth $46,081,241. 8.90% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $264.14 on Monday. The company has a market cap of $2.84 trillion, a P/E ratio of 31.60, a P/E/G ratio of 1.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a 50-day moving average of $234.47 and a two-hundred day moving average of $230.69. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

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

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.