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

AQR Capital Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,566,656 shares of the e-commerce giant’s stock after selling 409,321 shares during the quarter. Amazon.com makes up about 1.0% of AQR Capital Management LLC’s investment portfolio, making the stock its 4th largest position. AQR Capital Management LLC owned 0.05% of Amazon.com worth $1,221,269,000 at the end of the most recent reporting period.

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

Amazon.com Stock Performance

Shares of AMZN opened at $226.19 on Friday. The company has a 50-day simple moving average of $229.35 and a two-hundred day simple moving average of $224.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The firm has a market capitalization 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 one year low of $161.38 and a one year high of $258.60.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. Loop Capital raised their price target on Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Robert W. Baird set a $285.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Truist Financial set a $290.00 target price on shares of Amazon.com in a research note on Friday, October 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, December 8th. Finally, JMP Securities set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.43.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,234 shares of company stock valued at $19,076,767. Company insiders own 9.70% of the company’s stock.

About Amazon.com

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.