Gotham Asset Management Reduces $49M in Amazon.com, Inc. ($AMZN)

Gotham Asset Management has trimmed its stake in Amazon.com, Inc. (NasdaqGS: AMZN) by 203,617 shares, a reduction of about 20.5%. The fund now holds 789,833 shares valued at approximately $188.4 million, according to its latest 13F filing with the SEC. This filing reflects holdings as of the end of the reporting period and may not represent the fund's current position.

What Changed in Gotham Asset Management's Amazon Position

Gotham Asset Management's reduction in Amazon shares moved its holdings from 993,450 shares down to 789,833 shares. This cut of 203,617 shares represents a decrease of about 20.5%. The value of the remaining shares, based on the filing, stands at roughly $188.4 million.

Other Institutional Activity in Amazon

Several other institutional investors have also made adjustments to their Amazon positions. BlackRock, Inc. increased its holdings by 1,189,128 shares, bringing its total to 735,564,992 shares valued at about $153.2 billion. Vanguard Capital Management LLC maintained its position with 631,176,205 shares worth approximately $131.5 billion. State Street Corp added 1,797,200 shares, ending with 390,450,321 shares valued at $81.3 billion. FMR LLC significantly increased its holdings by 27,227,887 shares, totaling 358,698,691 shares worth about $74.7 billion. Geode Capital Management, LLC grew its stake by 8,107,063 shares to 233,228,057 shares valued at roughly $48.4 billion.

Amazon Stock Snapshot

Shares of Amazon.com, Inc. recently traded around $238.53. The company has a market capitalization of approximately $2.57 trillion and a P/E ratio of 31.26. Its forward P/E ratio is 24.19, and it carries a beta of 1.444, indicating higher volatility compared to the broader market. The stock's 52-week range is between $196.00 and $278.56, with a 50-day moving average of $254.21 and a 200-day moving average of $232.46. Amazon's current ratio is 1.177, with a quick ratio of 0.974 and a debt-to-equity ratio of 53.3.

Recent Earnings

In its most recent earnings report, Amazon reported revenue of $742.8 billion, reflecting a growth rate of 16.6%. The company's earnings per share stood at $7.63, with a net margin of 12.2%. Return on equity was reported at 24.3%. Amazon is expected to announce its next earnings on April 29, 2026.

Insider Buying and Selling at Amazon.com, Inc.

Recent insider activity at Amazon includes several transactions. CEO Worldwide Amazon Stores Douglas Herrington sold 1,000 shares at $266.19 on June 1, 2026, under a pre-planned 10b5-1 trading plan. 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, while David Zapolsky bought 15,450 shares, and Vice President Shelley Reynolds executed both a purchase and sale of 2,363 shares.

Analysts Set New Price Targets

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

About Amazon.com, Inc.

Amazon.com, Inc. is a major player in the consumer cyclical sector, primarily involved in internet retail. Headquartered in Seattle, WA, and led by CEO Andrew Jassy, Amazon operates through segments like North America, International, and Amazon Web Services (AWS). It offers a wide range of consumer products, electronics, and digital content, as well as cloud computing and advertising services. With a workforce of over 1.57 million employees, Amazon has a significant global presence.

Bottom Line

Gotham Asset Management's reduction in Amazon shares is part of a broader trend among institutional investors adjusting their positions. While Amazon continues to be a key player in the internet retail space, its stock remains a focus for investors due to its size and market influence. This 13F filing reflects past holdings and might not indicate the fund's current stance.