Eagle Capital Management Reduces $53M in Amazon.com, Inc. ($AMZN)
Eagle Capital Management trims its stake in Amazon by 219,989 shares, now holding 11.75 million shares.
Key Points
- Eagle Capital Management reduced its Amazon holdings by 219,989 shares, now holding 11.75 million shares valued at $2.8 billion.
- Amazon's stock trades near $238.53 with a market cap of $2.57 trillion and a P/E ratio of 31.26.
- Insiders, including CEO Andrew Jassy, recently sold shares, while analysts maintain a strong buy rating with targets up to $350.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Eagle Capital Management has trimmed its holdings in Amazon.com, Inc. (NasdaqGS: AMZN) by 219,989 shares, according to its latest Form 13F filing with the SEC. As of the end of the reporting period, the fund held 11,753,916 shares, valued at approximately $2.8 billion.
What Changed in Eagle Capital Management's Amazon.com, Inc. Position
Eagle Capital Management reduced its position in Amazon by about 220,000 shares, a decrease of 1.84%. This reduction brought their total holdings to 11,753,916 shares. The shares are valued at roughly $2.8 billion as of the filing.
Other Institutional Activity in Amazon.com, Inc.
Several other major funds have also adjusted their positions in Amazon. BlackRock, Inc. increased its holdings by 1,189,128 shares, bringing its total to 735,564,992 shares worth about $153.2 billion. State Street Corp added 1,797,200 shares, ending with 390,450,321 shares valued at $81.3 billion. Meanwhile, FMR LLC boosted its position by 27,227,887 shares to 358,698,691 shares, valued at $74.7 billion. Geode Capital Management, LLC added 8,107,063 shares, now holding 233,228,057 shares worth approximately $48.4 billion.
Amazon.com, Inc. Stock Down 9.7%
Shares of Amazon.com, Inc. traded near $238.53. The company boasts a market capitalization of approximately $2.57 trillion and has a P/E ratio of 31.26. Its forward P/E stands at 24.19. The stock's 52-week range is between $196.00 and $278.56, with a 50-day moving average of $254.21 and a 200-day moving average of $232.46. Amazon has a beta of 1.444, indicating its volatility relative to the market.
Recent Earnings
Amazon reported revenue of $742.8 billion, marking a growth of 16.6%. The company's net margin is 12.22%, with a return on equity of 24.29%. Earnings per share (EPS) for the period were $7.63. The next earnings report is expected on April 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
23 analysts raised price targets.
-
EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
-
Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
23 target raises.
-
Earnings quality
Gross margin up 1.3 points. Operating margin up 1.3 points. Positive free cash flow.
Earnings Call Summary
Amazon had a strong first quarter with $181.5 billion in revenue and record 13.1 percent operating margin. Cloud computing services grew 28 percent year over year, the fastest pace in 15 quarters, driven by artificial intelligence demand. The company is investing tens of billions in data centers and chips, expecting these upfront costs to deliver strong returns in future years as customers pay for the capacity.
Guidance Amazon expects second quarter sales between $194 billion and $199 billion, up from first quarter's $181.5 billion. Operating income should reach $20 billion to $24 billion as the company invests heavily in artificial intelligence and new satellites for the Amazon LEO business.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Amazon.com, Inc.
Recent insider activity at Amazon includes several sales. On June 1, 2026, Doug Herrington, CEO of Worldwide Amazon Stores, sold 1,000 shares at an average price of $266.19. On May 22, 2026, Senior Vice President David Zapolsky sold 9,270 shares at $268.53. Notably, President and CEO Andrew Jassy sold 50,000 shares on May 21, 2026, although the price was not disclosed.
Analysts Set New Price Targets
Analysts remain optimistic about Amazon, with Truist Securities maintaining a 'buy' rating and setting a price target of $320 on May 29, 2026. Wells Fargo also maintained a 'buy' rating with a $312 target on May 20, 2026. The consensus among 63 analysts is a 'strong buy', with a mean target price of $312.51.
About Amazon.com, Inc.
Amazon.com, Inc., headquartered in Seattle, Washington, is a global leader in online retail and technology services. The company operates through segments such as North America, International, and Amazon Web Services (AWS), providing a wide range of consumer products, electronic devices, and media content. Led by CEO Andrew Jassy, Amazon employs over 1.57 million people worldwide.
Bottom Line
Eagle Capital Management's recent reduction in Amazon shares is part of the regular portfolio adjustments funds make. While the 13F filings provide a snapshot of past positions, they may not reflect current holdings. Investors keep an eye on such filings to gauge institutional sentiment and market trends.
Get Amazon.com, Inc. alerts
New 13F filings, insider trades, and analyst moves on $AMZN, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.