Perigon Wealth Management 13F: Cuts AMZN Stake by $3.3M
Key Points
- Perigon Wealth Management cut its Amazon.com, Inc. stake by 2.9% to 435,536 shares worth about $108.5 million in an October 22 filing.
- Shares traded near $250.38 on the filing date, sitting below the 50-day moving average as investors await the October 29 earnings release.
- Wall Street analysts maintain a strong buy consensus with a mean target price of $331.72 across 58 active ratings.
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Perigon Wealth Management trimmed its holdings in Amazon.com, Inc. AMZN by 13,277 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.
AMZN
Amazon.com, Inc.
What Changed in Perigon Wealth Management's Amazon Position
The fund lowered its stake by 2.9% to finish the period with 435,536 shares of the e-commerce and cloud provider. That reduced block carried an estimated market value of $108.5 million based on closing prices at the time. The adjustment reflects a slight cooling of exposure rather than an exit from the name.
Other Institutional Activity in Amazon
Other fund managers made adjustments to their Amazon holdings around the same reporting window. Sumitomo Mitsui DS Asset Management Company grew its holdings by 49,999 shares, ending with 1,793,928 shares worth about $447.0 million. Accurate Wealth Management added 4,384 shares for a total of 68,541 shares valued at about $17.7 million. James Hambro & Partners grew its position by 10,118 shares to hold 785,685 shares worth roughly $195.8 million. Meanwhile, True North Advisors trimmed 2,933 shares down to 129,617 shares valued at $32.3 million, and Midwest Trust reduced its stake by 21,289 shares to end with 901,279 shares worth about $224.6 million.
Amazon.com, Inc. Stock Down 4.6%
Amazon shares closed at $250.38 on October 22, 2026, and recently traded around $250.49. That puts the stock about 12.8% below its 52-week high of $287.20 and up 27.8% from its 52-week low of $196.00. The price sits below its 50-day moving average of $256.33 while remaining about 3.0% above its 200-day moving average of $243.21.
Recent Earnings
Amazon reported trailing twelve-month revenue of $775.68 billion alongside basic earnings of $12.43 per share. The business operates with a net profit margin of 17.4% and a return on equity of 30.6%. The company is scheduled to report its next round of financial results 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.
Company insiders completed several transactions prior to the filing, including sales by officers Matthew S. Garman, David A. Zapolsky, and Douglas J. Herrington.
Analysts Set New Price Targets
Analyst firms updated their views on the stock ahead of the filing, with TD Cowen, Tigress Financial, Wells Fargo, Cantor Fitzgerald, and Morgan Stanley maintaining buy or overweight ratings alongside price targets ranging from $310.00 to $385.00. The stock carries a consensus strong buy rating from 58 analysts.
About Amazon.com, Inc.
Amazon.com, Inc. operates as a massive online retailer, digital advertiser, and cloud computing provider through its North American, International, and Amazon Web Services divisions. The firm also builds and distributes consumer electronics alongside media content.
Bottom Line
Investors are keeping a close watch on retail demand and cloud growth as the company prepares its upcoming earnings report on October 29, 2026. Institutional adjustments will likely continue to shift following those financial updates.
Related Filing Alerts
Source: Perigon Wealth Management'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