PineStone Asset Management 13F: Adds $33M to AMZN Stake
PineStone Asset Management expanded its holdings in Amazon.com, Inc. by picking up over 130,000 additional shares during the period.
Reviewed by automated data checks against the source filing. How we make and check alerts
PineStone Asset Management added 130,810 shares to its stake in Amazon.com, Inc. ($AMZN), a 4.71% increase, according to a 13F filing with the SEC dated October 16, 2026. It reported 2,909,610 shares worth $724.93 million at the end of the quarter.
Find the original: PineStone Asset Management 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- PineStone Asset Management grew its stake in Amazon.com, Inc. by 130,810 shares, bringing its total holdings to 2,909,610 shares worth about $724.9 million.
- Amazon recently traded around $249.83, sitting below its 50-day moving average while institutional heavyweights like BlackRock and Vanguard also adjusted positions.
- Company insiders completed several stock sales over the late summer and early fall, ahead of Amazon's next earnings report scheduled for 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
PineStone Asset Management added to its position in Amazon.com, Inc. (NasdaqGS: AMZN), picking up 130,810 more shares during the quarter. That 4.7% increase brought the fund's total stake to 2,909,610 shares, valued at roughly $724.9 million in a Form 13F filing filed with the SEC on October 16, 2026. Because 13F filings look backward at holdings from the close of the quarter, this disclosure might not reflect the fund's current stance today.
What Changed in PineStone Asset Management's Amazon.com Position
PineStone Asset Management boosted its Amazon footprint by purchasing 130,810 shares, shifting its position upward by 4.7% from the 2,778,800 shares held previously. The updated investment totals 2,909,610 shares. This transaction reflects portfolio adjustments made during the reported period, though 13F reports do not show exact trade dates or intraday prices.
Other Institutional Activity in Amazon.com
Blackrock Inc. grew its holdings by 12,871,805 shares, ending with 748,403,539 shares worth about $187,100,884,750, a 1.8% increase. Vanguard Capital Management LLC grew its holdings by 4,607,444 shares, ending with 635,764,130 shares worth about $158,941,032,500, a 0.7% increase. State Street Corporation grew its holdings by 6,754,482 shares, ending with 397,186,958 shares worth about $99,296,739,500, a 1.7% increase. FMR, LLC grew its holdings by 6,958,810 shares, ending with 365,660,364 shares worth about $91,415,091,000, a 1.9% increase. Geode Capital Management, LLC reduced its holdings by 23,324 shares, ending with 233,211,684 shares worth about $58,302,921,000, down 0.0%.
Amazon.com, Inc. Stock Down 1.7%
Amazon shares recently traded around $249.83 as of October 16, 2026. The stock sits below its 50-day moving average and above its 200-day moving average.
Recent Earnings
Amazon reported trailing-twelve-month revenue of $775.68 billion alongside earnings of $12.43 per share. The company posted a net profit margin of 17.4% and a return on equity of 30.6%. Its next earnings update 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.
Insider Buying and Selling at Amazon.com, Inc.
Company insiders executed several stock transactions ahead of the filing. Officer Matthew S. Garman sold 14,541 shares on August 21, 2026, for a total value of $3,766,920. Officer David A. Zapolsky sold 15,430 shares on August 24, 2026, for $4,004,345. Officer Douglas J. Herrington sold 1,000 shares on September 1, 2026, at an average price of $254.77 for $254,770, and later sold another 1,000 shares on October 1, 2026, at an average price of $251.50 for $251,500. Insider selling activity does not automatically signal a negative outlook on the stock.
Analysts Set New Price Targets
Wall Street firms updated their views on the company ahead of the filing. On September 30, 2026, Rosenblatt maintained a Buy rating and raised its price target to $360.00 from $335.00. On October 5, 2026, TD Cowen reiterated a Buy rating with a $350.00 price target. Tigress Financial maintained a Buy rating on October 6, 2026, raising its target to $385.00 from $315.00. Wells Fargo maintained an Overweight rating on October 12, 2026, with a target of $329.00, while Cantor Fitzgerald maintained an Overweight rating that same day with a $310.00 target. Overall, the stock carries a consensus Strong Buy rating with a mean price target of $331.46 across 58 analyst opinions.
About Amazon.com
Amazon.com, Inc. operates an online retail platform alongside physical stores, an expanding advertising network, and the Amazon Web Services cloud computing division. The company also builds and sells electronic devices like Kindle readers and Echo smart speakers while producing entertainment media. Institutional updates like PineStone's recent filing offer a window into how large managers position themselves around the retail and cloud giant.
Bottom Line
Investors will look toward the upcoming earnings report on October 29, 2026, for further updates on Amazon's financial health. Because 13F reports reveal past holdings rather than live trades, market participants track subsequent filings to see if funds maintain these positions. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: PineStone Asset Management's 13F filing on $AMZN (Oct 16, 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: PineStone Asset Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts