Intech Investment Management Reduces $54M in Amazon.com, Inc. ($AMZN)

Intech Investment Management has cut its stake in Amazon.com, Inc. (NasdaqGS: AMZN) by 22%, according to its latest Form 13F filing with the SEC. The fund sold 227,846 shares during the reporting period, leaving it with 807,593 shares valued at approximately $192.6 million.

What Changed in Intech Investment Management's Amazon Position

Intech Investment Management reduced its Amazon holdings from 1,035,439 shares to 807,593 shares, a decrease of 227,846 shares. This 22% reduction reflects a strategic decision to pare back its investment in the e-commerce giant, with the remaining shares now valued at about $192.6 million.

Other Institutional Activity in Amazon

Several other major funds adjusted their positions in Amazon. BlackRock, Inc. increased its holdings by 1,189,128 shares, now holding 735,564,992 shares worth approximately $153.2 billion. Vanguard Capital Management LLC maintained its position with 631,176,205 shares valued at $131.5 billion. State Street Corp added 1,797,200 shares, bringing its total to 390,450,321 shares valued at $81.3 billion. FMR LLC significantly increased its stake by 27,227,887 shares, ending with 358,698,691 shares worth about $74.7 billion. Geode Capital Management, LLC also increased its holdings by 8,107,063 shares, holding 233,228,057 shares valued at $48.4 billion. Morgan Stanley added 12,345,516 shares, now holding 173,925,856 shares valued at $36.2 billion.

Amazon.com, Inc. Stock Snapshot

Shares of Amazon.com, Inc. (NasdaqGS: AMZN) are trading at around $238.53. The company has a market capitalization of approximately $2.57 trillion and a P/E ratio of 31.6, with a forward P/E of 24.2. Amazon's beta is 1.444, indicating higher volatility compared to the market. The stock's 52-week range is between $196.00 and $278.56, with a 50-day moving average of $254.77 and a 200-day moving average of $232.51.

Recent Earnings

Amazon reported revenue of $742.8 billion, reflecting a growth rate of 16.6%. The company's net margin stands at 12.2%, and it has a return on equity of 24.3%. Amazon's next earnings report is expected on April 29, 2026.

Insider Buying and Selling at Amazon.com, Inc.

Recent insider activity at Amazon saw CEO Worldwide Amazon Stores, Douglas Herrington, sell 1,000 shares at an average price of $266.19 on June 1, 2026, under a planned sale. Senior Vice President David Zapolsky sold 9,270 shares at $268.53 on May 22, 2026, also as a planned sale. On May 21, 2026, President and CEO Andrew Jassy sold 50,000 shares, while Zapolsky and Vice President Shelley Reynolds both executed buys and sells on the same day, with Reynolds buying and then selling 2,363 shares.

Analysts Set New Price Targets

On May 29, 2026, Truist Securities maintained its 'buy' rating for Amazon with a price target of $320. Wells Fargo also maintained a 'buy' rating with a $312 target on May 20, 2026. Several other firms, including Stifel, Telsey Advisory Group, Canaccord Genuity, JP Morgan, TD Cowen, and Bernstein, have kept their 'buy' ratings, with price targets ranging from $315 to $350.

About Amazon.com, Inc.

Amazon.com, Inc. is a leading global retailer based in Seattle, Washington. The company operates through segments including North America, International, and Amazon Web Services (AWS), offering a wide range of products and services. Under the leadership of CEO Andrew Jassy, Amazon engages in online and physical retail, cloud computing, and digital streaming, employing over 1.5 million people worldwide.

Bottom Line

Investors closely watch Amazon due to its significant market influence and growth potential. Intech Investment Management's recent reduction in its Amazon stake is a notable move, though it's important to remember that 13F filings are historical. Amazon's stock remains a focal point for analysts and institutional investors alike, with strong buy ratings and high price targets reflecting continued confidence in the company's future prospects.