Amazon.com, Inc. (AMZN) Position Trimmed by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 507,833 shares of the e-commerce giant’s stock after selling 23,385 shares during the period. Amazon.com comprises approximately 0.6% of AQR Capital Management LLC’s holdings, making the stock its 23rd largest position. AQR Capital Management LLC owned approximately 0.11% of Amazon.com worth $450,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. First American Bank raised its holdings in Amazon.com by 52.1% in the 1st quarter. First American Bank now owns 6,110 shares of the e-commerce giant’s stock worth $5,417,000 after acquiring an additional 2,093 shares during the last quarter. Stillwater Investment Management LLC raised its holdings in Amazon.com by 2.5% in the 1st quarter. Stillwater Investment Management LLC now owns 4,194 shares of the e-commerce giant’s stock worth $3,718,000 after acquiring an additional 102 shares during the last quarter. Pennsylvania Trust Co raised its holdings in Amazon.com by 8.3% in the 1st quarter. Pennsylvania Trust Co now owns 10,606 shares of the e-commerce giant’s stock worth $9,403,000 after acquiring an additional 814 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Amazon.com by 4.0% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,441 shares of the e-commerce giant’s stock worth $1,278,000 after acquiring an additional 55 shares during the last quarter. Finally, Legacy Private Trust Co. raised its holdings in Amazon.com by 3.6% in the 1st quarter. Legacy Private Trust Co. now owns 5,887 shares of the e-commerce giant’s stock worth $5,219,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 60.80% of the company’s stock.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,793 shares of company stock valued at $9,574,377. Insiders own 17.70% of the company’s stock.

A number of brokerages recently weighed in on AMZN. UBS AG restated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a report on Wednesday, June 21st. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday. Cowen and Company restated an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and two have assigned a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $1,092.58.

Shares of Amazon.com, Inc. (NASDAQ AMZN) traded up 1.19% on Monday, hitting $977.42. 1,221,283 shares of the company traded hands. Amazon.com, Inc. has a 12 month low of $710.10 and a 12 month high of $1,083.31. The stock’s 50-day moving average price is $981.92 and its 200-day moving average price is $945.80. The company has a market capitalization of $469.53 billion, a PE ratio of 248.58 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 EPS. On average, equities analysts predict that Amazon.com, Inc. will post $3.99 earnings per share for the current year.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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