Today: Amazon.com Inc. (AMZN) Stake Lowered by Quantitative Systematic Strategies LLC

Today: Amazon.com Inc. (AMZN) Stake Lowered by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC cut its position in Amazon.com Inc. (NASDAQ:AMZN) by 70.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,015 shares of the e-commerce giant’s stock after selling 2,413 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Amazon.com were worth $726,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMZN. BlackRock Institutional Trust Company N.A. increased its position in Amazon.com by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,968,586 shares of the e-commerce giant’s stock worth $5,917,751,000 after buying an additional 156,823 shares during the last quarter. Geode Capital Management LLC increased its position in Amazon.com by 2.7% in the first quarter. Geode Capital Management LLC now owns 3,296,671 shares of the e-commerce giant’s stock worth $1,953,245,000 after buying an additional 88,130 shares during the last quarter. BlackRock Group LTD increased its position in Amazon.com by 1.5% in the first quarter. BlackRock Group LTD now owns 3,018,330 shares of the e-commerce giant’s stock worth $1,791,801,000 after buying an additional 45,684 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Amazon.com by 0.6% in the first quarter. Loomis Sayles & Co. L P now owns 1,905,953 shares of the e-commerce giant’s stock worth $1,131,450,000 after buying an additional 11,220 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Amazon.com by 3.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,846,172 shares of the e-commerce giant’s stock worth $1,095,961,000 after buying an additional 69,540 shares during the last quarter. 65.44% of the stock is currently owned by institutional investors.

Amazon.com Inc. (NASDAQ:AMZN) traded down 0.76% on Friday, hitting $822.96. The stock had a trading volume of 2,999,814 shares. Amazon.com Inc. has a 12-month low of $474.00 and a 12-month high of $847.21. The company has a market cap of $390.14 billion, a price-to-earnings ratio of 204.67 and a beta of 1.20. The company’s 50 day moving average price is $800.02 and its 200-day moving average price is $726.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The firm earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. Amazon.com’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Equities research analysts anticipate that Amazon.com Inc. will post $5.85 EPS for the current year.

AMZN has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Amazon.com in a research note on Monday, June 27th. Wedbush restated an “outperform” rating and set a $900.00 target price on shares of Amazon.com in a research note on Friday, September 30th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 target price on shares of Amazon.com in a research note on Sunday, July 31st. Pacific Crest restated a “buy” rating and set a $820.00 target price on shares of Amazon.com in a research note on Friday, July 15th. Finally, Bank of America Corp. restated a “buy” rating and set a $840.00 target price on shares of Amazon.com in a research note on Sunday, July 17th. Five research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $894.98.

In other Amazon.com news, insider Jeffrey M. Blackburn sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the transaction, the insider now owns 55,887 shares of the company’s stock, valued at approximately $42,528,889.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at approximately $54,512,800. The disclosure for this sale can be found here. 17.70% of the stock is owned by corporate insiders.

About Amazon.com

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

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