Sumitomo Mitsui DS Asset Management Company 13F: Adds $12M to AMZN Stake
Key Points
- Sumitomo Mitsui DS Asset Management increased its Amazon.com, Inc. stake by 2.86% during the period, ending with 1,793,928 shares worth approximately $446.9 million.
- Amazon.com, Inc. recently traded around $262.76, holding above both its 50-day and 200-day moving averages as earnings approach.
- Several insiders completed share sales over recent months, while analysts maintain a consensus strong buy rating with a mean price target of $331.72.
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Sumitomo Mitsui DS Asset Management grew its stake in Amazon.com, Inc. (AMZN) by adding 49,999 shares during the period. According to a Form 13F filing with the SEC on October 20, 2026, the firm ended the quarter with 1,793,928 shares valued at about $446.9 million. That represented a 2.86% increase over its prior holding of 1,743,929 shares. Amazon closed at $262.63 on the filing date.
AMZN
Amazon.com, Inc.
What Changed in Sumitomo Mitsui DS Asset Management's Amazon.com Position
The asset manager expanded its footprint in the e-commerce and cloud computing giant by roughly 50,000 shares. The updated position reflects continued institutional interest in the company during the quarter, bringing the total reported value of the stake close to $447 million.
Amazon.com, Inc. Stock Up 5.1%
Amazon.com shares recently traded around $262.76 as of October 21, 2026, roughly flat compared to the previous day's close. The stock sits above its 50-day moving average of $256.84 and trades higher than its 200-day moving average of $242.89. The share price is positioned 8.5% below its 52-week high of $287.20 and 34.1% above its 52-week low of $196.00.
Recent Earnings
Amazon operates online and physical retail stores, digital advertising services, and Amazon Web Services (AWS), alongside a portfolio of consumer electronics and media content. For the trailing twelve months, the company generated $775.68 billion in revenue and reported earnings of $12.43 per share. Profitability metrics include a net margin of 17.4% and a return on equity of 30.6%. The company's 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 stock sales prior to the filing. On August 21, 2026, officer Matthew S. Garman sold 14,541 shares valued at about $3.77 million. Officer David A. Zapolsky sold 15,430 shares worth roughly $4.0 million on August 24, 2026. Additionally, officer 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 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 a buy rating on October 6, 2026, lifting its target to $385.00 from $315.00. Wells Fargo maintained an overweight rating with a $329.00 target on October 12, 2026, while Cantor Fitzgerald maintained an overweight rating with a target of $310.00 on the same day. Later, on October 19, 2026, Morgan Stanley maintained its overweight rating and raised its target to $350.00. Overall, the stock carries a consensus strong buy rating from 58 analysts with a mean price target of $331.72.
About Amazon.com
Headquartered in Seattle, Washington, Amazon.com, Inc. serves global retail and enterprise customers through online storefronts, physical locations, and its dominant cloud computing division, AWS. The firm also develops popular hardware devices like Kindle, Fire tablets, and Echo products while producing extensive media content. Institutional adjustments like Sumitomo's recent additions highlight steady portfolio allocations toward the consumer cyclical giant.
Bottom Line
Investors will look toward Amazon's upcoming earnings release on October 29, 2026, for fresh details on retail demand and cloud growth. Market participants continue to monitor how the stock performs relative to its moving averages and analyst price targets.
Related Filing Alerts
Source: Sumitomo Mitsui DS Asset Management Company's 13F filing on $AMZN (Oct 20, 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