GLOBALT Investments LLC / GA 13F: Adds $5.9M to AMZN Stake
Key Points
- GLOBALT Investments now holds 136,350 shares of Amazon, valued at approximately $33.97 million, after boosting its stake by 23,505 shares.
- The fund's position in Amazon accounts for 2.02% of its total reported value of about $1.68 billion, ranking it 10th among its holdings.
- As of October 28, 2026, Amazon's stock was recently trading at $253.15, which is about equal to its closing price of $253.10 on the filing date.
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GLOBALT Investments LLC boosted its stake in Amazon.com, Inc. (AMZN) by 23,505 shares to a total of 136,350 shares, valued at approximately $33.97 million. This change was disclosed in a filing on October 27, 2026. The latest filing shows that the fund's reported value for this position is about $1.68 billion, with Amazon representing 2.02% of its total portfolio. This new position ranks 10th among GLOBALT's 212 reported holdings.
AMZN
Amazon.com, Inc.
Where Amazon.com Fits in GLOBALT's Portfolio
Amazon's increased stake is significant for GLOBALT as it reflects a 20.83% increase in shares.
Other Institutional Activity in Amazon.com
Several other funds have also adjusted their positions in Amazon. Indivisible Partners added 18,176 shares, bringing its total to 87,851 shares valued at about $21.9 million. Chicago Partners Investment Group increased its stake by 13,508 shares, now holding 183,660 shares worth approximately $45.55 million. Meanwhile, the State of Michigan Retirement System trimmed its holdings by 67,600 shares, reducing its total to 2,580,279 shares valued at about $642.88 million.
Amazon.com, Inc. Stock Up 2.1%
As of October 28, 2026, Amazon shares were recently trading at $253.15, which is about equal to its closing price of $253.10 on October 27, 2026. The stock is currently below its 50-day moving average of $255.38, but above its 200-day average of $243.31. It remains 11.9% below its 52-week high of $287.20, but 29.2% above its 52-week low of $196.00.
Recent Earnings
Amazon reported trailing twelve-month revenue of approximately $775.68 billion, which reflects a year-over-year growth of 19.6%. The next earnings report is scheduled for October 29, 2026, which may provide further insights into the company's performance.
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.
Recent insider transactions include Douglas J. Herrington, an officer, selling 6,362 shares valued at about $1.65 million on August 21, 2026, and David A. Zapolsky, another officer, selling 15,430 shares worth approximately $4.00 million on August 24, 2026. These sales occurred before the recent filing and do not imply bearish sentiment.
Analysts Set New Price Targets
On October 6, 2026, Tigress Financial maintained a "Buy" rating on Amazon with a price target of $385.00, up from a prior target of $315.00. Wells Fargo also maintained an "Overweight" rating with a target of $329.00, while Cantor Fitzgerald kept its "Overweight" rating with a target of $310.00. The consensus recommendation for Amazon remains a "strong buy" with a mean price target of $332.24.
About Amazon.com
Amazon.com, Inc. is a major player in the retail sale of consumer products, operating both online and physical stores globally. The company also offers advertising services and subscription services, and it operates through segments like North America, International, and Amazon Web Services (AWS). This boost in stake by GLOBALT highlights ongoing institutional interest in the company as it continues to grow.
Bottom Line
Investors should watch for Amazon's upcoming earnings report on October 29, 2026, which may provide insights into its financial health. Additionally, further institutional filings could reveal more about how funds are positioning themselves in this evolving market.
Related Filing Alerts
Source: GLOBALT Investments LLC / GA'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