EL7.AI
Stocks•29 May 2026•
1 min read

Institutional Investors Trim Amazon Stakes Despite Strong Earnings and AI Growth

Key Facts

1Bronte Capital Management reduced its stake in Amazon by 4.7% during the fourth quarter.
2Bokf Na sold 46,119 shares of Amazon, retaining a position valued at approximately $99.9 million.
3Amazon reported EPS of $2.78 and revenue of $181.52 billion in its latest quarterly results.

As major technology stocks undergo a period of institutional rebalancing, recent filings show a reduction in stakes held by prominent investment firms in Amazon. According to reports, Bronte Capital Management trimmed its holding by 4.7% during the fourth quarter, while Bokf Na liquidated 46,119 shares, maintaining a remaining position valued at approximately $99.9 million. These adjustments occurred despite Amazon delivering robust quarterly results, featuring an EPS of $2.78 and total revenue of $181.52 billion.

This institutional activity coincides with broader profit-taking across the cloud sector, where peer Microsoft recently reported a 31% surge in Azure revenue per market data. While Amazon insiders sold over 195,000 shares in the last 90 days, analyst sentiment remains largely positive regarding AWS's AI trajectory, with market consensus maintaining an average price target of $312.66 (per MarketBeat data).

Traders are currently monitoring AMZN price action, which stood at $270.64 (at close May 28, 2026), looking for stability at current levels. Looking ahead, the market will focus on upcoming US CB Consumer Confidence data, which serves as a critical barometer for the retail spending that drives Amazon's core e-commerce segment.