Cooper Investors PTY Ltd. trimmed its position in Amazon.com by 61.8% during Q3, selling 40,126 shares and retaining 24,774 shares as of its latest 13F filing. The remaining stake represented 1.5% of the firm’s total portfolio and ranked as its 26th largest holding. At the end of the period, Cooper Investors’ Amazon position was valued at approximately 5.44 million dollars, reflecting a strategic shift in exposure to the e-commerce and cloud leader.

Several large funds showed contrasting moves in Q4. Brighton Jones LLC increased its stake by 10.9%, acquiring 397,007 additional shares for a total holding valued at 885.5 million dollars. Bank Pictet & Cie Europe AG added 54,987 shares, bringing its position to over two million shares worth 442.5 million dollars. In contrast, Liberty Square Wealth Partners initiated a new position valued at 2.15 million dollars, while Highview Capital Management and Revolve Wealth Partners made more modest incremental purchases of 1,518 and 986 shares, respectively. Overall, institutional ownership stands at just over 72% of outstanding shares.

In Q3, Amazon reported earnings per share of 1.95 dollars, beating consensus by 0.38 dollars, on quarterly revenue of 180.17 billion dollars—3.7 billion dollars above forecasts and a 13.4% year-over-year increase. Net margin reached 11.06% and return on equity was 23.62%. Analysts have subsequently raised their price targets, with Deutsche Bank and Morgan Stanley both lifting targets to the 300-315 dollar range and reiterating buy‐or‐overweight ratings. Consensus earnings forecasts now call for over 6 dollars per share in annual profits, underpinning a moderate buy consensus across 60 analyst reports.