Verition Fund Management 13F: Cuts AMZN Stake by $495M
Verition Fund Management sharply reduced its holdings in Amazon.com, Inc. during the period, cutting its position by 89.4%.
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Verition Fund Management sold 2,058,782 shares from its stake in Amazon.com, Inc. ($AMZN), an 89.39% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 244,322 shares worth $58.77 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: Verition Fund Management 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- Verition Fund Management lowered its Amazon.com, Inc. holdings by 89.4%, shedding 2,058,782 shares to finish the period with 244,322 shares valued at about $58.7 million.
- Amazon.com, Inc. trades near $240.54, sitting between its 52-week low of $196.00 and high of $287.20 with a P/E ratio of 20.5.
- Wall Street firms maintain an overall strong buy view on Amazon.com, Inc., led by recent target updates from analysts like Wells Fargo and Tigress Financial.
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Verition Fund Management Trims Amazon Holding
Verition Fund Management significantly reduced its investment in Amazon.com, Inc. (NasdaqGS: AMZN) during the period ended May 15, 2026. According to its Form 13F filing with the SEC, the fund cut its position by 89.4%, selling 2,058,782 shares. That left the firm with 244,322 shares of the e-commerce and cloud computing giant, valued at approximately $58.8 million.
Amazon Stock Position and Valuation
Amazon shares recently traded at $240.54. The stock moves within a 52-week range of $196.00 to $287.20 and holds a 50-day moving average of $257.52 alongside a 200-day moving average of $242.64. The company carries a market capitalization of roughly $2.75 trillion and a P/E ratio of 20.5.
Recent Earnings Performance
Amazon posted strong financial results for its latest reporting window, generating $775.68 billion in revenue with a revenue growth rate of 19.6%. The company reported earnings of $12.43 per share, backed by a net margin of 17.44% and a return on equity of 30.6%. The retail and web services provider is scheduled to report its next round of earnings on 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
Major financial institutions have updated their outlooks on Amazon shares in recent weeks. On October 12, 2026, Wells Fargo maintained its Overweight rating while adjusting its price target from $338.00 to $329.00. On the same day, Cantor Fitzgerald maintained an Overweight rating with a price target moved from $320.00 to $310.00. Earlier in the month, Tigress Financial maintained a Buy rating and raised its target to $385.00 from $315.00 on October 6, 2026. TD Cowen reiterated a Buy rating with a $350.00 target on October 5, 2026, and Rosenblatt maintained a Buy rating while lifting its target from $335.00 to $360.00 on September 30, 2026. The stock carries a consensus recommendation key of strong_buy with a mean price target of $331.46 across 58 analyst opinions.
Inside Amazon's Core Operations
Amazon.com, Inc. operates retail sales of consumer products, advertising, and subscription services across North America and international markets through online and physical storefronts. Its business lines include the massive Amazon Web Services cloud division, physical and digital media content, and consumer electronics like Kindle and Fire tablets. This massive footprint shapes how institutional investors manage their multi-million dollar allocations.
Looking Ahead at Institutional Holdings
Institutional filings like Verition's offer a backward-looking view of portfolio adjustments and might not reflect current holdings today. Market watchers continue to track how major asset managers rotate capital in and out of large-cap technology and retail leaders ahead of the upcoming earnings release in late October.
Related Filing Alerts
Source: Verition Fund 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: Verition Fund Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts