Midwest Trust 13F: Cuts Amazon.com (AMZN) Stake by $5.3M
Key Points
- Midwest Trust trimmed its Amazon.com, Inc. AMZN position by 21,289 shares, or about 2.3%, leaving it with 901,279 shares valued at $224,553,663.
- Amazon.com, Inc. AMZN recently traded around $250.49, sitting above its 200-day moving average and below its 52-week high.
- Wall Street analysts maintain a strong buy consensus on Amazon.com, Inc. AMZN with a mean price target of $331.72 across 58 opinions.
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Midwest Trust trimmed its position in Amazon.com, Inc. AMZN by 21,289 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The adjustment left the institution holding 901,279 shares of the e-commerce and cloud computing giant, valued at roughly $224.5 million based on values at the end of the reporting period.
AMZN
Amazon.com, Inc.
What Changed in Midwest Trust's Amazon.com, Inc. Position
The reduction of 21,289 shares marked a 2.3% decrease from the previous quarter's total of 922,568 shares. Even after the trim, the holding remains a substantial block of stock in the Seattle-based retailer. Amazon.com, Inc. closed at $250.38 on the date the filing was made public.
Other Institutional Activity in Amazon.com, Inc.
Other institutional investors also adjusted their portfolios around the same time. True North Advisors grew its holdings by 2,933 shares, ending with 129,617 shares worth about $32.3 million. Root Financial Partners grew its stake by 5,610 shares, reaching 47,577 shares valued at roughly $11.9 million. Smith Chas P & Associates Pa Cpas lifted its holdings by 2,748 shares to finish with 197,786 shares worth about $49.4 million.
Amazon.com, Inc. Stock Down 4.6%
Amazon.com, Inc. shares recently traded around $250.49, matching the close from the filing date and sitting about 3.0% above its 200-day moving average. The consumer cyclical firm carries a market capitalization near $2.83 trillion and trades well below its 52-week peak of $287.20.
Recent Earnings
The company generated $775.7 billion in revenue over the trailing twelve months, alongside an earnings per share total of $12.43. The next earnings report is scheduled for 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.
Company insiders executed several sales prior to the filing. Matthew S Garman sold 14,541 shares for roughly $3.8 million on August 21, 2026. David A. Zapolsky disposed of 15,430 shares valued at approximately $4.0 million on August 24, 2026. Douglas J Herrington completed a sale of 1,000 shares at $254.77 per share on September 1, 2026, followed by another sale of 1,000 shares at $251.50 on October 1, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 5, 2026, TD Cowen reiterated its Buy rating with a $350.00 price target. Tigress Financial maintained its Buy rating on October 6, 2026, raising its target to $385.00 from $315.00. Wells Fargo maintained an Overweight rating on October 12, 2026, adjusting its target to $329.00 from $338.00. Cantor Fitzgerald maintained an Overweight rating on October 12, 2026, setting a $310.00 target. Morgan Stanley maintained an Overweight rating on October 19, 2026, lifting its target to $350.00 from $335.00. Overall, the company holds a consensus strong buy recommendation.
About Amazon.com, Inc.
Amazon.com, Inc. operates online and physical retail stores while providing digital advertising and cloud computing services through Amazon Web Services. The firm also manufactures a wide variety of consumer electronics and media devices.
Bottom Line
Investors are keeping a close watch on the upcoming earnings report scheduled for late October. Institutional filings like this one offer a clear look at how major asset managers handle large positions in bellwether tech names.
Related Filing Alerts
Source: Midwest Trust's 13F filing on $AMZN (Oct 22, 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