Intech Investment Management Reduces $55M in Amazon.com, Inc. ($AMZN)
Intech Investment Management cut its Amazon stake by 22% in recent filing.
Key Points
- Intech Investment Management reduced its Amazon holdings by 227,846 shares, a 22% decrease, now holding 807,593 shares valued at $192.6 million.
- Amazon shares are trading near $238.53 with a market cap of $2.57 trillion and a forward P/E of 24.2.
- Insider trades include planned sales by Amazon's executives and analysts maintain 'buy' ratings with targets around $320.
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Intech Investment Management has cut its stake in Amazon.com, Inc. (NasdaqGS: AMZN) by 22%, according to its latest Form 13F filing with the SEC. The fund sold 227,846 shares during the reporting period, leaving it with 807,593 shares valued at approximately $192.6 million.
What Changed in Intech Investment Management's Amazon Position
Intech Investment Management reduced its Amazon holdings from 1,035,439 shares to 807,593 shares, a decrease of 227,846 shares. This 22% reduction reflects a strategic decision to pare back its investment in the e-commerce giant, with the remaining shares now valued at about $192.6 million.
Other Institutional Activity in Amazon
Several other major funds adjusted their positions in Amazon. BlackRock, Inc. increased its holdings by 1,189,128 shares, now holding 735,564,992 shares worth approximately $153.2 billion. Vanguard Capital Management LLC maintained its position with 631,176,205 shares valued at $131.5 billion. State Street Corp added 1,797,200 shares, bringing its total to 390,450,321 shares valued at $81.3 billion. FMR LLC significantly increased its stake by 27,227,887 shares, ending with 358,698,691 shares worth about $74.7 billion. Geode Capital Management, LLC also increased its holdings by 8,107,063 shares, holding 233,228,057 shares valued at $48.4 billion. Morgan Stanley added 12,345,516 shares, now holding 173,925,856 shares valued at $36.2 billion.
Amazon.com, Inc. Stock Down 9.7%
Shares of Amazon.com, Inc. (NasdaqGS: AMZN) are trading at around $238.53. The company has a market capitalization of approximately $2.57 trillion and a P/E ratio of 31.6, with a forward P/E of 24.2. Amazon's beta is 1.444, indicating higher volatility compared to the market. The stock's 52-week range is between $196.00 and $278.56, with a 50-day moving average of $254.77 and a 200-day moving average of $232.51.
Recent Earnings
Amazon reported revenue of $742.8 billion, reflecting a growth rate of 16.6%. The company's net margin stands at 12.2%, and it has a return on equity of 24.3%. Amazon's next earnings report is expected on April 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
23 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 3.6%. Revenue met estimates.
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Profit surprise
EBITDA beat by 31 percent. Operating income beat by 90 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
23 target raises.
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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 saw CEO Worldwide Amazon Stores, Douglas Herrington, sell 1,000 shares at an average price of $266.19 on June 1, 2026, under a planned sale. Senior Vice President David Zapolsky sold 9,270 shares at $268.53 on May 22, 2026, also as a planned sale. On May 21, 2026, President and CEO Andrew Jassy sold 50,000 shares, while Zapolsky and Vice President Shelley Reynolds both executed buys and sells on the same day, with Reynolds buying and then selling 2,363 shares.
Analysts Set New Price Targets
On May 29, 2026, Truist Securities maintained its 'buy' rating for Amazon with a price target of $320. Wells Fargo also maintained a 'buy' rating with a $312 target on May 20, 2026. Several other firms, including Stifel, Telsey Advisory Group, Canaccord Genuity, JP Morgan, TD Cowen, and Bernstein, have kept their 'buy' ratings, with price targets ranging from $315 to $350.
About Amazon.com, Inc.
Amazon.com, Inc. is a leading global retailer based in Seattle, Washington. The company operates through segments including North America, International, and Amazon Web Services (AWS), offering a wide range of products and services. Under the leadership of CEO Andrew Jassy, Amazon engages in online and physical retail, cloud computing, and digital streaming, employing over 1.5 million people worldwide.
Bottom Line
Investors closely watch Amazon due to its significant market influence and growth potential. Intech Investment Management's recent reduction in its Amazon stake is a notable move, though it's important to remember that 13F filings are historical. Amazon's stock remains a focal point for analysts and institutional investors alike, with strong buy ratings and high price targets reflecting continued confidence in the company's future prospects.
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