GQG Partners Acquires $136M Stake in Amazon Amid AI-Powered Growth

GQG Partners LLC, an institutional investor, has acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter. According to its most recent 13F filing with the SEC, GQG Partners bought 573,974 shares of the e-commerce giant's stock, valued at approximately $136,801,000.

This is not an isolated incident. Other hedge funds have also added to or reduced their stakes in Amazon.com during the same period. Red Crane Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.3% during the first quarter and now owns 1,663 shares worth $346,000.

Amazon's stock price has been affected by various analyst upgrades and downgrades. Cantor Fitzgerald reiterated an 'overweight' rating and issued a price target of $320.00 on Amazon.com shares. Meanwhile, research analysts expect the company to post 8.01 earnings per share for the current fiscal year.

Amazon's CEO Matthew Garman sold 14,541 shares of the stock in August, reducing his ownership by 44.97%. The sale was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of Amazon.com stock worth $18,568,785 over the last three months.

The e-commerce giant's recent initiatives, such as Project Mercury and AWS AI-powered hiring product, have received positive attention from analysts. However, investors remain concerned about Amazon's planned $220 billion capital expenditures for 2026, which may keep free cash flow negative.