Schonfeld Strategic Advisors 13F: Cuts AMZN Stake by $169M

Schonfeld Strategic Advisors reduced its holdings in Amazon.com, Inc. (NasdaqGS: AMZN) during the reporting period ended May 15, 2026, according to a Form 13F filing submitted to the Securities and Exchange Commission. The fund trimmed its position by 703,335 shares, marking an 80.4% decrease from its previous holding of 874,681 shares. By the close of the quarter, the remaining stake stood at 171,346 shares with a reported value of approximately $41.2 million.

Trimming the Position in Amazon Stock

The reduction by Schonfeld Strategic Advisors marked a notable pullback in the fund's exposure to the retail and cloud computing giant. Prior to the adjustment, the firm held 874,681 shares. Dropping the share count down to 171,346 represents a sharp curtailment of capital allocated to the consumer cyclical company.

Amazon Stock Trades Within 52-Week Range

The shares have spent recent months navigating a 52-week price corridor with a low of $196.00 and a high of $287.20. Trading around the $240.54 mark on Saturday, the equity sits near its 200-day moving average of $242.64. The company carries a trailing price-to-earnings ratio of 20.5 and a forward price-to-earnings ratio of 24.4, with a market capitalization exceeding $2.74 trillion.

Strong Financial Results Back the Business

The internet retail titan generated $775.7 billion in revenue over the trailing periods, accompanied by a revenue growth rate of 19.6%. Profitability remains strong, reflected in a net profit margin of 17.4% and a return on equity of 30.6%. Basic earnings per share stand at $12.43.

Wall Street Analysts Update Price Targets

Financial institutions continue adjusting their outlooks on the retail and cloud leader. 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 kept an overweight rating with a target moved to $310.00 from $320.00. Earlier in the month on October 6, Tigress Financial maintained a buy rating and lifted its target to $385.00 from $315.00. TD Cowen reiterated a buy rating at $350.00 on October 5, and Rosenblatt maintained a buy rating with a target raised to $360.00 on September 30. Overall, the stock holds a consensus strong buy recommendation from 58 market analysts.

Inside Amazon's Business Model

Amazon.com, Inc. operates retail sales of consumer products, advertising, and subscription services through online and physical storefronts in North America and globally. The enterprise operates across three core segments including North America, International, and Amazon Web Services, offering everything from consumer merchandise and electronic devices to cloud computing, artificial intelligence, and digital media content.

Watching Next Quarter's Filings

Because 13F disclosures look backward at portfolio choices made at the close of the quarter, the filing might not reflect the fund's current holdings today. Market participants can monitor upcoming corporate disclosures and subsequent regulatory filings to see if the fund continues its adjustment pattern or reverses course.