Coronation Fund Managers 13F: Adds $8.7M to AMZN Stake
Key Points
- Coronation Fund Managers increased its Amazon stake by 34,884 shares, a 9.6% rise, bringing its total holdings to 396,896 shares.
- The stock closed at $253.10 on the filing date, and recently traded around $253.15, showing stability in its price.
- Coronation now holds about 5.64% of its portfolio in Amazon, ranking 5th among its 49 positions.
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On October 27, 2026, Coronation Fund Managers boosted its stake in Amazon.com, Inc. (AMZN) by 34,884 shares, raising its total to 396,896 shares valued at about $98.9 million. This information comes from the fund's latest Form 13F filing with the SEC.
AMZN
Amazon.com, Inc.
What Changed in Coronation Fund Managers' Amazon Position
Coronation Fund Managers increased its Amazon holdings by 34,884 shares, a 9.6% rise from its previous total of 362,012 shares. The reported value of this position now stands at approximately $98.9 million.
Where Amazon Fits in Coronation Fund Managers' Portfolio
Amazon now represents about 5.64% of Coronation's total reported value of $1.75 billion, ranking 5th among its 49 positions. This boost reflects a strategic move to capitalize on Amazon's performance in the consumer cyclical sector.
Other Institutional Activity in Amazon
Several other funds also adjusted their positions in Amazon recently. GLOBALT Investments LLC added 23,505 shares, bringing its total to 136,350 shares valued at about $33.97 million. Indivisible Partners increased its stake by 18,176 shares to a total of 87,851 shares worth approximately $21.9 million. Chicago Partners Investment Group also boosted its holdings by 13,508 shares, raising its total to 183,660 shares.
Amazon.com, Inc. Stock Up 2.1%
On October 27, 2026, Amazon shares closed at $253.10 and recently traded around $253.15. The stock is currently below its 50-day moving average by about 0.9% but above its 200-day average by 4.0%. Over the past year, the stock has ranged from a low of $196.00 to a high of $287.20.
Recent Earnings
For the trailing twelve months, Amazon reported revenue of approximately $775.7 billion and an EPS of $12.43. The company is set to announce its next 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.
Insider Buying and Selling at Amazon.com, Inc.
Recently, several insiders at Amazon sold shares. Matthew S. Garman sold 14,541 shares on August 21, 2026, valued at about $3.77 million. David A. Zapolsky sold 15,430 shares on August 24, 2026, worth around $4.00 million. Douglas J. Herrington sold 1,000 shares on both September 1 and October 1, 2026, at prices of $254.77 and $251.50, respectively.
Analysts Set New Price Targets
On October 6, 2026, Tigress Financial maintained a Buy rating on Amazon with a price target of $385. Wells Fargo and Cantor Fitzgerald also maintained Overweight ratings with targets of $329 and $310, respectively. The consensus recommendation for Amazon is a Strong Buy, with a mean price target of $332.24.
About Amazon.com, Inc.
Amazon.com, Inc. is a leading retailer that sells consumer products and offers advertising and subscription services through its online and physical stores. The company operates in three main segments: North America, International, and Amazon Web Services (AWS).
Bottom Line
Investors should watch for Amazon's upcoming earnings report on October 29, 2026, for further insights into its financial performance. Coronation Fund Managers' recent stake increase shows its confidence in Amazon's growth potential in the consumer sector.
Related Filing Alerts
Source: Coronation Fund Managers's 13F filing on $AMZN (Oct 27, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts