Silvercrest Asset Management Group 13F: Cuts AMZN Stake by $2.4M

Silvercrest Asset Management Group pared back its investment in Amazon.com, Inc. (NasdaqGS: AMZN), trimming its holdings by 2.0% during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. Institutional filings like this one offer a look back at portfolio moves made by major money managers and may not reflect their current positions today.

Silvercrest Adjusts Its Amazon Holdings

The asset management firm sold 10,106 shares of the e-commerce and cloud computing giant during the reporting period. That cut brought Silvercrest's total stake down to 492,459 shares. Based on recent market prices, the remaining position is valued at about $118.5 million. While the reduction is modest, it alters the firm's exposure to one of the market's largest consumer cyclical names.

Amazon Stock Trades Near Mid-Range Levels

Amazon shares recently changed hands around $240.54, sitting below their 52-week high of $287.20 and above the 52-week low of $196.00. The company carries a forward P/E ratio of 24.4 and trades close to its 200-day moving average of $242.64. These levels place the stock in a moderate valuation zone as broader markets weigh technology and retail sector performance.

Analysts Set New Price Targets

Wall Street firms continue to show strong backing for the retail giant across recent research notes. 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 also kept an Overweight rating with a target of $310.00. Tigress Financial followed on October 6, 2026, maintaining a Buy rating and lifting its target to $385.00 from $315.00. Overall, the stock holds a consensus recommendation of strong buy from 58 analysts, with a mean price target of $331.46.

Inside Amazon's Business Model

Amazon.com, Inc. operates retail sales of consumer products, digital advertising, and subscription services through online and physical storefronts across North America and internationally. Its operations span three primary segments: North America, International, and Amazon Web Services, which provides vital cloud computing and artificial intelligence infrastructure. The company also produces consumer electronics and media content while supporting third-party sellers and developers.

What to Watch Next for Investors

Investors tracking institutional interest in Amazon will need to wait for subsequent quarterly filings to see whether Silvercrest continues to trim or decides to rebuild its stake. Meanwhile, the company's next earnings report is scheduled for October 29, 2026, which will provide fresh data on revenue growth, cloud demand, and profit margins. As always, 13F filings are historical snapshots and do not serve as a recommendation to buy or sell shares.