Sterling Capital Management 13F: Cuts AMZN Stake by $6.8M
Key Points
- Sterling Capital Management lowered its Amazon.com, Inc. AMZN holdings by 10.98% during the quarter, bringing its total to 221,047 shares worth about $55.1 million.
- Amazon.com, Inc. AMZN shares recently traded around $248.04, sitting below their 50-day moving average as investors await earnings on October 29, 2026.
- Wall Street analysts maintain a strong buy consensus on Amazon.com, Inc. AMZN with a mean target price of $331.72.
Since the filing, $AMZN is down 0.9% to date (from the $250.38 close on Oct 22, 2026).
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Sterling Capital Management reduced its holdings in Amazon.com, Inc. AMZN by 27,270 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.
AMZN
Amazon.com, Inc.
Sterling Capital Management vs. the S&P 500
Hypothetical returns from Sterling Capital Management's disclosed trades, not real profit or advice. How we model this.
What Changed in Sterling Capital Management's Amazon.com, Inc. Position
Sterling Capital Management owned 221,047 shares of Amazon.com, Inc. AMZN after the transaction, down from its previous total of 248,317 shares. The 10.98% decrease left the firm's stake valued at roughly $55.1 million as of the filing date.
Other Institutional Activity in Amazon.com, Inc.
Other institutional investors also adjusted their positions in Amazon.com, Inc. AMZN during the filing period. RMR Wealth Builders grew its holdings by 2,922 shares, ending with 84,353 shares worth about $21.0 million. Oriental Harbor Investment Master Fund increased its stake by 81,095 shares to hold 140,992 shares valued at approximately $35.1 million. Sepio Capital added 3,749 shares for a final count of 87,336 shares worth about $21.8 million. Royal Fund Management grew its position by 15,317 shares, finishing with 47,873 shares valued at roughly $11.9 million. Root Financial Partners also increased its stake, adding 5,610 shares to end with 47,577 shares worth about $11.9 million.
Amazon.com, Inc. Stock Down 5.5%
Amazon.com, Inc. AMZN shares recently traded near $248.04, down about 0.9% from the closing price of $250.38 on the filing date. The stock sits below its 50-day moving average of $255.99 but remains above its 200-day moving average of $243.26.
Recent Earnings
Amazon.com, Inc. AMZN generated trailing-twelve-month revenue of $775.7 billion and reported an EPS of $12.43. The online retail and cloud computing giant is scheduled to release its next 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. Matthew S. Garman sold 14,541 shares valued at $3.8 million on August 21, 2026. David A. Zapolsky disposed of 15,430 shares worth $4.0 million on August 24, 2026. Douglas J. Herrington sold 1,000 shares for $254,770 on September 1, 2026, and another 1,000 shares for $251,500 on October 1, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on Amazon.com, Inc. AMZN ahead of the filing. On October 5, 2026, TD Cowen reiterated its buy rating with a $350.00 price target. Tigress Financial maintained a buy rating and raised its target to $385.00 from $315.00 on October 6, 2026. Wells Fargo maintained an overweight rating while adjusting its target to $329.00 on October 12, 2026. Cantor Fitzgerald kept an overweight rating and set a $310.00 target on October 12, 2026. Morgan Stanley maintained an overweight rating and lifted its target to $350.00 on October 19, 2026.
About Amazon.com, Inc.
Amazon.com, Inc. AMZN operates global online and physical retail stores, digital advertising services, and subscription offerings. The company divides its business into North America, International, and Amazon Web Services (AWS) segments, alongside manufacturing consumer electronics and producing media content.
Bottom Line
Investors will look toward Amazon.com, Inc. AMZN reporting its next quarterly results on October 29, 2026, to gauge growth across retail and cloud operations.
Related Filing Alerts
Source: Sterling Capital 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