Amundi 13F: Adds $1.8B to Amazon.com (AMZN) Stake

Amundi Expands Position in Amazon Shares

Institutional investor Amundi increased its holdings in Amazon.com, Inc. (NasdaqGS: AMZN) during the reporting period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The fund picked up an additional 7,590,952 shares of the tech and retail giant, marking a 14.1% increase from its prior position. Because 13F reports look backward at past quarters, this filing captures portfolio shifts from that timeframe and may not represent the investor's exact share count today.

Inside the 14.1% Increase

Before this latest round of buying, Amundi held 53,809,551 shares of Amazon. The addition of 7,590,952 shares brought its total stake to 61,400,503 shares. Based on the valuation provided in the filing, that sizeable block of stock was worth roughly $14.8 billion. This move lines up with the firm's broader style of managing major equity positions across global markets.

Amazon Stock and Market Context

Shares of Amazon trade on the NasdaqGS under the ticker AMZN. The stock recently changed hands around $240.54 per share, operating within its 52-week trading range of $196.00 to $287.20. The company carries a price-to-earnings ratio of 20.5 and a forward P/E of 24.4, reflecting how investors price its earnings power across online retail, cloud computing, and advertising.

Recent Analyst Updates on AMZN

Wall Street firms have kept a close eye on the stock with frequent rating updates. On October 12, 2026, Wells Fargo kept an overweight rating while adjusting its price target to $329.00 from $338.00. On that same day, Cantor Fitzgerald maintained an overweight rating with a target of $310.00. Earlier in the month, Tigress Financial maintained a buy rating while lifting its target to $385.00, and TD Cowen reiterated its buy rating with a $350.00 target on October 5, 2026. Rosenblatt also kept a buy rating on September 30, 2026, moving its target to $360.00. Across the wider analyst community, the stock holds a consensus recommendation of strong buy from 58 opinions, backed by a mean price target of $331.46.

What Amazon Does

Amazon.com, Inc. operates online and physical retail stores alongside its dominant cloud computing division, Amazon Web Services. The company sells consumer goods, electronics like Kindle and Fire devices, and media content while offering advertising services and the Amazon Prime subscription network. Founded in 1994 and headquartered in Seattle, Washington, the company serves millions of consumers, third-party sellers, and enterprise clients worldwide.

Looking Ahead for the Fund and Company

Market participants will look toward the company's next scheduled earnings report on October 29, 2026, for fresh updates on revenue and profit margins. Institutional updates like Amundi's filing offer a window into how large asset managers position their portfolios, though they remain historical snapshots of past activity rather than current trading signals.