Gotham Asset Management 13F: Cuts Amazon.com (AMZN) Stake by $49M
Gotham Asset Management trimmed its holdings in Amazon.com, Inc. during the period, cutting its position by 20.5%.
Reviewed by automated data checks against the source filing. How we make and check alerts
Gotham Asset Management sold 203,617 shares from its stake in Amazon.com, Inc. ($AMZN), a 20.50% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 789,833 shares worth $189.99 million at the end of the quarter.
Since the filing, $AMZN is up 0.8% after 1 week, down 6.9% after 1 month and down 5.3% to date (from the $264.14 close on May 15, 2026).
Find the original: Gotham Asset Management 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- Gotham Asset Management trimmed its Amazon.com, Inc. stake by 20.5%, selling 203,617 shares during the period reported to the SEC.
- The fund held 789,833 shares of Amazon.com, Inc. at the close of the period, with a reported value of about $190 million.
- Wall Street firms continue to monitor the retail and cloud giant ahead of its next scheduled earnings release on October 29, 2026.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Amazon.com, Inc. alert may contain errors. Disclosures
Gotham Asset Management Trims Holdings in Amazon.com, Inc.
Gotham Asset Management pared back its investment in Amazon.com, Inc. (NasdaqGS: AMZN) during the period, according to a Form 13F filed with the U.S. Securities and Exchange Commission. The fund cut its position by 20.5%, selling 203,617 shares to leave its ending stake at 789,833 shares. Based on market values at the time, the remaining holding was worth approximately $190 million. Because 13F filings look backward at a prior quarter, this report reflects portfolio choices made during that window and may not match the firm's current holdings today.
Reduction Details for Amazon.com, Inc.
The reduction brought an end to a portion of the fund's prior investment in the online retail and cloud computing leader. Gotham Asset Management previously held 993,450 shares of Amazon.com, Inc. before dropping 203,617 shares. Because these regulatory disclosures only capture a single point in time, observers seeking a complete picture of the fund's strategy will need to watch for future SEC filings.
Amazon.com, Inc. Stock Context
Shares of Amazon.com, Inc. change hands on the NasdaqGS exchange and have traded within a 52-week range of $196.00 to $287.20. The company carries a trailing price-to-earnings ratio of 20.5. These valuation metrics help frame how institutional managers evaluate the company's retail, cloud, and digital advertising units as market conditions shift.
Recent Earnings for Amazon.com, Inc.
Amazon.com, Inc. generated $775.68 billion in revenue over the trailing period, alongside a net profit margin of 17.4%. The company posted an earnings per share figure of $12.43 and a return on equity of 30.6%. The firm's revenue growth reached 19.6% over the timeframe. The company's next earnings report is scheduled for October 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.
Analysts Set New Price Targets
Wall Street firms have kept a close eye on the retail and technology leader through the autumn months. On October 12, 2026, Wells Fargo maintained its Overweight rating while adjusting its price target to $329.00 from $338.00. On the same day, Cantor Fitzgerald maintained its Overweight rating with a $310.00 target, down from $320.00. Earlier, on October 6, 2026, Tigress Financial kept a Buy rating while raising its target to $385.00 from $315.00. The broader analyst community currently maintains a consensus Strong Buy rating on Amazon.com, Inc. with a mean price target of $331.46 across 58 opinions.
Inside Amazon.com, Inc.
Amazon.com, Inc. operates from its headquarters in Seattle, Washington, under the leadership of CEO Mr. Andrew R. Jassy, directing a global workforce of over 1.5 million employees. The company manages its operations through segments spanning North American retail, international e-commerce, and Amazon Web Services. Beyond its online storefronts and marketplace programs for third-party sellers, the company produces electronic hardware such as Kindle devices and Echo speakers, offers subscription services like Amazon Prime, and provides enterprise cloud infrastructure.
Looking Ahead for the Holding
Investors tracking institutional moves in Amazon.com, Inc. will look to upcoming quarterly filings to see whether other asset managers followed similar playbook adjustments. As always, these disclosures offer a historical snapshot rather than a prediction of future portfolio shifts.
Related Filing Alerts
Source: Gotham Asset Management's 13F filing on $AMZN (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Gotham Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts