Coatue Management Reduces $477M in Amazon.com, Inc. ($AMZN)

Coatue Management has reduced its holdings in Amazon.com, Inc. (NasdaqGS: AMZN) by 2,001,499 shares, according to a Form 13F filing with the SEC. This move, reported on May 15, 2026, reflects a 20% decrease in its position, leaving Coatue with 7,930,766 shares valued at approximately $1.89 billion.

What Changed in Coatue Management's Amazon Position

Coatue Management's decision to cut its Amazon stake marks a significant shift in its investment strategy. Previously holding 9,932,265 shares, the firm now holds 7,930,766 shares, a reduction of 2,001,499 shares. This change represents a 20.15% decrease in their position, with the remaining shares valued at about $1.89 billion as of the filing date.

Other Institutional Activity in Amazon

Several other major investors also adjusted their Amazon holdings. BlackRock, Inc. increased its stake by 1,189,128 shares, reaching a total of 735,564,992 shares, valued at roughly $153.2 billion. Vanguard Capital Management LLC maintained its position with 631,176,205 shares, worth $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 grew its holdings by 27,227,887 shares, now holding 358,698,691 shares valued at $74.7 billion. Geode Capital Management, LLC and Morgan Stanley also increased their positions significantly.

Amazon.com, Inc. Stock Snapshot

Shares of Amazon.com, Inc. traded near $238.53 as of the latest update. The company boasts a market capitalization of approximately $2.57 trillion, with a P/E ratio of 31.26 and a forward P/E of 24.19. Amazon's beta is 1.44, indicating its volatility relative to the market. The stock's 52-week range spans from $196.00 to $278.56, with a 50-day moving average of $254.21 and a 200-day moving average of $232.46.

Recent Earnings

Amazon reported revenue of $742.78 billion, with a growth rate of 16.6%. The company achieved a net margin of 12.22% and a return on equity of 24.29%. Earnings per share stood at $7.63. The next earnings report is expected on April 29, 2026.

Insider Buying and Selling at Amazon.com, Inc.

Recent insider activity at Amazon includes several notable transactions. On June 1, 2026, Douglas Herrington, CEO Worldwide Amazon Stores, sold 1,000 shares at an average price of $266.19 as part of a planned sale. Senior Vice President David Zapolsky sold 9,270 shares at $268.53 on May 22, 2026, also under a planned sale. On May 21, 2026, President and CEO Andrew Jassy sold 50,000 shares, and David Zapolsky and Vice President Shelley Reynolds each made trades without a specified price.

Analysts Set New Price Targets

Analysts remain bullish on Amazon, with several firms maintaining buy ratings. On May 29, 2026, Truist Securities reiterated its buy rating with a price target of $320. Wells Fargo, Stifel, and others have similarly maintained buy ratings, with targets ranging from $312 to $350. The consensus among 63 analysts is a strong buy, with an average price target of $312.51.

About Amazon.com, Inc.

Amazon.com, Inc. is a leading global online retailer based in Seattle, Washington. Founded in 1994, the company offers a wide range of consumer products, subscriptions, and digital content through its online and physical stores. It operates through three segments: North America, International, and Amazon Web Services (AWS). Under the leadership of CEO Andrew Jassy, Amazon also develops and sells electronic devices and provides cloud computing services.

Bottom Line

Coatue Management's substantial reduction in its Amazon holdings highlights the dynamic nature of institutional investing. While this filing reflects positions as of the reporting period, it is crucial for investors to consider that these filings are backward-looking. Amazon remains a significant player in the consumer cyclical sector, with strong institutional support and positive analyst outlooks.