Y-Intercept (Hong Kong) 13F: Cuts Amazon.com (AMZN) Stake by $49M
Y-Intercept (Hong Kong) trimmed its position in Amazon.com, Inc. by over 195,000 shares in a recent 13F filing.
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Y-Intercept (Hong Kong) sold 195,242 shares from its stake in Amazon.com, Inc. ($AMZN), a 73.27% decrease, according to a 13F filing with the SEC dated October 16, 2026. It reported 71,237 shares worth $17.75 million at the end of the quarter.
Find the original: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR
AMZN
Amazon.com, Inc.
Key Points
- Y-Intercept (Hong Kong) cut its Amazon stake by 195,242 shares, reducing its holdings to 71,237 shares valued at about $17.7 million.
- As of October 16, 2026, Amazon's stock was recently trading around $249.83, which is below its 50-day moving average of $257.52.
- Analysts maintain a strong buy consensus on Amazon with a mean price target of $331.46, indicating further potential upside.
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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
Y-Intercept (Hong Kong) reduced its stake in Amazon.com, Inc. (AMZN) by 195,242 shares in its latest Form 13F filing on October 16, 2026. The fund now holds 71,237 shares worth approximately $17.7 million. This represents a 73.3% decrease from its previous holdings of 266,479 shares.
What Changed in Y-Intercept's Amazon Position
Y-Intercept's recent filing disclosed a substantial cut in its Amazon position, bringing its total down to 71,237 shares. The reported value of this stake is about $17.7 million. This reduction may reflect shifting investment strategies or market conditions.
Other Institutional Activity in Amazon.com
Other institutional investors have shifted their positions in Amazon as well. Blackrock Inc. grew its holdings by 12,871,805 shares, resulting in a total of 748,403,539 shares valued at about $187.1 billion. Vanguard Capital Management LLC added 4,607,444 shares, bringing its total to 635,764,130 shares worth about $158.9 billion. State Street Corporation increased its stake by 6,754,482 shares, totaling 397,186,958 shares worth around $99.3 billion. FMR, LLC also raised its holdings by 6,958,810 shares, ending with 365,660,364 shares valued at about $91.4 billion.
Amazon.com, Inc. Stock Down 1.7%
As of October 16, 2026, Amazon stock was trading recently around $249.83, below its 50-day moving average of $257.52 by about 3.0%. The stock is also below its 52-week high of $287.20 by about 13.0%, but it remains above its 52-week low of $196.00, which is a 27.5% premium. Analysts have a mean price target of $331.46, suggesting there's still room for growth.
Recent Earnings
Amazon reported a trailing twelve-month revenue of approximately $775.7 billion with an EPS of $12.43. The company has a net margin of 17.4% and a return on equity of 30.6%. Its 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.
Insider Buying and Selling at Amazon.com, Inc.
Recently, several Amazon insiders sold shares. Officer Matthew S. Garman sold 14,541 shares on August 21, and Officer David A. Zapolsky sold 15,430 shares on August 24. Additionally, Officer Douglas J. Herrington sold 1,000 shares on October 1 and another 1,000 on September 1 at prices of $254.77 and $251.50, respectively. These sales indicate ongoing activity among executives, but do not inherently signal negative outlooks.
Analysts Set New Price Targets
On September 30, 2026, Rosenblatt maintained a Buy rating for Amazon with a price target of $360. TD Cowen reiterated a Buy rating with a target of $350 on October 5, 2026. Tigress Financial also maintained a Buy rating with an increased price target of $385 on October 6, while Wells Fargo and Cantor Fitzgerald maintained Overweight ratings with targets of $329 and $310, respectively.
About Amazon.com
Amazon.com, Inc. is a leading retailer that sells a wide range of consumer products and provides services through online and physical stores globally. It operates in several segments, including North America, International, and Amazon Web Services (AWS). The company is also known for its electronic devices and media content development.
Bottom Line
As Y-Intercept (Hong Kong) adjusts its portfolio, Amazon is set to report earnings on October 29, 2026. Investors will be watching any further institutional filings and performance indicators that could affect future trading decisions. 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: Y-Intercept (Hong Kong)'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: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts