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PRIMECAP Management Co Boosts Amazon.Com Stake by 1.5M Shares

PRIMECAP Management Co Boosts Amazon.Com Stake by 1.5M Shares

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Forget margin or options. Here's how the pros trade AMZN

PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Amazon.Com, Inc. ((AMZN)). The hedge fund increased its position by 1,542,950 shares.

Recent Updates on Amazon.Com, Inc. stock

Amazon shares have been volatile, recently sliding 7–14% over some weeks even after earlier modest gains, and now trade around $210–$245, below prior highs. Despite near‑term pressure from a massive $200 billion capex plan that may depress 2026 free cash flow, analysts keep Strong Buy ratings with $275–$320 targets, citing accelerating AWS and AI‑driven growth plus resilient retail and advertising.

Spark’s Take on AMZN Stock

According to Spark, TipRanks’ AI Analyst, AMZN is a Neutral.

The score is led by strong financial performance (margin expansion and improving balance-sheet leverage) and a generally positive earnings call outlook (AWS/AI acceleration and strong backlog). These positives are tempered by weakened 2025 free cash flow conversion and a weak technical picture (below key moving averages with negative MACD), while valuation remains moderately demanding at ~31.5x earnings.

To see Spark’s full report on AMZN stock, click here.

More about Amazon.Com, Inc.

YTD Price Performance: -9.57%

Average Trading Volume: 45,362,362

Current Market Cap: $2221.7B

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