Primecap Management Co. CA Boosts Holdings in Amazon.com, Inc. $AMZN

Posted by Anthony Miller on Mar 11th, 2026

Primecap Management Co. CA lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 42.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,713,238 shares of the e-commerce giant’s stock after purchasing an additional 3,172,900 shares during the period. Amazon.com accounts for 1.8% of Primecap Management Co. CA’s investment portfolio, making the stock its 13th biggest holding. Primecap Management Co. CA owned approximately 0.10% of Amazon.com worth $2,352,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AMZN. Fairway Wealth LLC raised its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com during the 3rd quarter worth $27,000. Bridge Generations Wealth Management LLC grew its stake in shares of Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 233 shares during the period. Cooksen Wealth LLC increased its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the last quarter. Finally, PayPay Securities Corp increased its holdings in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $214.33 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a market cap of $2.30 trillion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.40. The firm’s fifty day moving average price is $224.09 and its 200-day moving average price is $227.06.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the prior year, the company earned $1.86 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $1,406,779.70. Following the completion of the sale, the chief executive officer directly owned 522,361 shares of the company’s stock, valued at $107,512,341.02. This represents a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,686 shares of company stock worth $14,688,739 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com News Summary

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

Positive Sentiment: Amazon expanded its Health AI assistant onto Amazon.com and the Amazon mobile app, broadening consumer-facing use cases that can drive engagement, health‑service revenue and stickier platform usage. Amazon launches healthcare AI assistant on its website, app
Positive Sentiment: OpenAI will begin using AWS Tranium chips, signaling incremental and durable compute demand for AWS as large AI model customers diversify infrastructure — a structural positive for AWS revenue and margins. OpenAI Gave Amazing News to Amazon Shareholders
Positive Sentiment: Investor demand for Amazon’s planned jumbo bond sale has been enormous (reports of ~$126B in orders), making it easier and cheaper for Amazon to fund its AI/data‑center capex program. Strong bond takeup is a near‑term vote of confidence from fixed‑income investors. Demand for Amazon’s Bond Sale Is Off the Charts
Positive Sentiment: Legal win: a federal judge granted a preliminary injunction blocking Perplexity’s shopping agent from purchasing on Amazon — protects conversion/revenue and reduces third‑party bot risk to consumer checkout. Amazon wins court order to block Perplexity’s AI shopping agent
Neutral Sentiment: Zoox (Amazon’s robotaxi unit) is expanding tests to Phoenix and Dallas and launching an Arizona command hub — a long‑horizon growth story for logistics/transport but not an immediate revenue driver for AMZN. Amazon’s Zoox to launch command hub in Arizona, expand testing to Dallas and Phoenix
Neutral Sentiment: AWS is shifting defense workloads off Anthropic tech while retaining Claude for other customers — shows AWS is managing model partnerships and customer migrations pragmatically (operationally important but not a clear earnings swing). Amazon transitions defense workloads, keeps Claude for others
Negative Sentiment: Amazon disclosed recent site outages linked in part to AI‑assisted code changes and has convened a “deep dive” engineering meeting — operational risks and the prospect of more outages can hit sales and investor confidence. Amazon plans ‘deep dive’ internal meeting to address AI-related outages
Negative Sentiment: Geopolitical risk: drone attacks damaged AWS data centers in the Middle East — physical infrastructure and regional availability risk could pressure enterprise customers and raise mitigation costs. Iran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war
Negative Sentiment: Debt & capex tradeoff: the planned $37–$42B bond issuance (and ongoing ~$200B AI capex program) funds growth but increases leverage and raises scrutiny about near‑term free cash flow and potential balance‑sheet pressure. That dynamic is a key watch item for valuation and margin assumptions. Amazon targeting $37 billion to $42 billion in bond sale

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, February 2nd. Maxim Group lifted their target price on shares of Amazon.com from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Citigroup lowered their price target on shares of Amazon.com from $320.00 to $265.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. UBS Group set a $311.00 price objective on shares of Amazon.com in a report on Tuesday, February 3rd. Finally, Oppenheimer set a $260.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $286.93.

Read Our Latest Report on AMZN

About Amazon.com

(Free Report)

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.