AQR Capital Management LLC Has $1.22 Billion Holdings in Amazon.com, Inc. $AMZN

AQR Capital Management LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,566,656 shares of the e-commerce giant’s stock after selling 409,321 shares during the period. Amazon.com makes up about 1.0% of AQR Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. AQR Capital Management LLC’s holdings in Amazon.com were worth $1,221,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the second quarter valued at $27,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Ryan Investment Management Inc. purchased a new position in Amazon.com in the 2nd quarter worth about $48,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com during the 1st quarter valued at about $59,000. Finally, Access Investment Management LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the sale, the chief executive officer directly owned 505,934 shares in the company, valued at approximately $117,993,927.48. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,234 shares of company stock worth $19,076,767. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 1.8%

Shares of NASDAQ:AMZN opened at $226.19 on Friday. The stock has a 50 day moving average of $229.35 and a 200 day moving average of $224.73. The company has a market cap of $2.42 trillion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Raymond James Financial increased their price objective on shares of Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. UBS Group set a $300.00 price target on Amazon.com in a report on Friday, December 5th. DZ Bank restated a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Pivotal Research raised their target price on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.