15. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holdings in Q4 2025: 381
Amazon.com, Inc. (NASDAQ:AMZN)’s shares caught investment bank Goldman Sachs’ attention on April 30th when it raised the share price target to $325 from $275 and kept a Buy rating on the stock. The coverage came after the firm had reported its first-quarter earnings. The results saw Amazon.com, Inc. (NASDAQ:AMZN) beat analyst revenue and earnings estimates and post a $364 billion AWS cloud computing backlog. Raymond James raised the share price target to $280 from $225 and kept an Outperform rating on the shares on May 1st. The financial firm remarked that Amazon.com, Inc. (NASDAQ:AMZN) would benefit from its AI initiatives in the long term. Cramer discussed the firm announcing its supply chain service:
“Yes I mean look, he announced this effort today about supply chain, which is directly in the face of FedEx and UPS. For all we know it could be like Amazon Web Services. Could be a gigantic amount of money. Look at what he’s doing, he’s got the biggest construction project in Indiana history. He’s building all over the place, doesn’t have enough compute. He makes a very good case that he’s taking a 30 year perspective, only Amazon can take a 30 year perspective. And Carl, they just go from state to state and they build and they build and they build. They’re like what you thought the US government would do in the 30s. They are just a jobs program for everybody. And I know a lot of people hate them, and I get that they’re so powerful. But boy they can really change the face of an economy. Just when so many of them are borrowing 200 billion. 200 billion seems like the, that’s what you have to borrow in order to be in their league, and no one’s in their league!”
Vulcan Value Partners discussed Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:
“There were seven material detractors to performance: Ares Management Corporation, Ryan Specialty Holdings, Inc., Microsoft Corporation, Salesforce, Inc., UnitedHealth Group Incorporated, Amazon.com, Inc. (NASDAQ:AMZN), and SAP SE. Amazon reported strong results for its fiscal year and fourth quarter. During the fourth quarter, AWS’s revenue increased 24% and highly profitable advertising revenue grew 22%. AWS is benefitting from AI driven demand for its cloud services and its growth is accelerating. In addition, Amazon is aggressively building out its promising Leo satellite service that will compete with Starlink. As a result, Amazon’s capital spending is forecast to increase over 50% in 2026 to approximately $200 billion. We expect a solid return on this capital spending. Bears believe that Amazon is investing too much money in capital spending. Our view is that it is a darn good problem to have and that Amazon will become even more competitively entrenched as the leading cloud services provider in the world.”
