Smith Chas P & Associates Pa Cpas 13F: Adds $687K to AMZN Stake
Key Points
- Smith Chas P & Associates Pa Cpas grew its Amazon stake by 1.4% to 197,786 shares valued at $49.44 million in an October 22, 2026 filing.
- Other institutional managers adjusted their holdings, with Concurrent Investment Advisors raising its position by 252,417 shares to 973,401 shares.
- Amazon shares recently traded around $253.54 as the e-commerce and cloud giant approaches its next earnings report on October 29, 2026.
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Smith Chas P & Associates Pa Cpas boosted its stake in Amazon.com, Inc. (AMZN) by 2,748 shares during the quarter, according to a Form 13F filing with the Securities and Exchange Commission on October 22, 2026.
AMZN
Amazon.com, Inc.
What Changed in Smith Chas P & Associates Pa Cpas's Amazon Position
Smith Chas P & Associates Pa Cpas lifted its holdings by a 1.4% increase, bringing its total ownership to 197,786 shares. The reported value of the position reached $49,446,398 at the close of the period, up from its previous holding of 195,038 shares.
Other Institutional Activity in Amazon.com, Inc.
Other major investors made notable portfolio adjustments regarding Amazon stock during the same filing cycle. Accurate Wealth Management grew its holdings by 4,384 shares, ending with 68,541 shares worth about $17,701,204. James Hambro & Partners grew its holdings by 10,118 shares, ending with 785,685 shares worth about $195,753,417. Y-Intercept reduced its holdings by 195,242 shares, ending with 71,237 shares worth about $17,748,699. Concurrent Investment Advisors grew its holdings by 252,417 shares, ending with 973,401 shares worth about $242,522,896. PineStone Asset Management grew its holdings by 130,810 shares, ending with 2,909,610 shares worth about $724,929,332.
Amazon.com, Inc. Stock Down 3.5%
Amazon shares recently traded around $253.54 as of October 22, 2026, which is up about 0.8% since closing at $251.45 on the filing date.
Recent Earnings
Amazon reported trailing twelve month revenue of $775.68 billion with trailing earnings of $12.43 per share. The next earnings release 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.
Dividend
Amazon currently pays no dividend, registering a dividend yield and payout ratio of 0.0%.
Insider Buying and Selling at Amazon.com, Inc.
Company insiders completed several transactions prior to the filing, including sales by officers Douglas J. Herrington and David A. Zapolsky.
Analysts Set New Price Targets
Analyst firms updated their outlooks ahead of the upcoming earnings report, with TD Cowen, Tigress Financial, Wells Fargo, Cantor Fitzgerald, and Morgan Stanley maintaining various buy and overweight ratings. Analysts give the stock a consensus strong buy rating with a mean target price of $331.72.
About Amazon.com, Inc.
Amazon.com, Inc. operates global retail stores, digital streaming, and subscription services while running Amazon Web Services for cloud computing and producing consumer electronics.
Bottom Line
Institutional investors continue to manage large positions in Amazon as the company prepares for its upcoming financial results. Observers will monitor the October 29 earnings report for updates on retail demand and cloud growth.
Related Filing Alerts
Source: Smith Chas P & Associates Pa Cpas'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