Soros Fund Management LLC Cuts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Soros Fund Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,210 shares of the e-commerce giant’s stock after selling 10,644 shares during the period. Amazon.com accounts for 0.8% of Soros Fund Management LLC’s holdings, making the stock its 28th biggest position. Soros Fund Management LLC’s holdings in Amazon.com were worth $52,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AMZN. Rench Wealth Management Inc. lifted its holdings in Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after buying an additional 16,392 shares during the last quarter. Umpqua Bank lifted its stake in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after acquiring an additional 982 shares during the last quarter. Finally, BayBridge Capital Group LLC grew its stake in Amazon.com by 51.8% during the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock valued at $2,677,000 after acquiring an additional 4,905 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.4 %

Amazon.com stock opened at $218.94 on Monday. The stock’s fifty day moving average is $216.20 and its two-hundred day moving average is $195.42. The stock has a market cap of $2.30 trillion, a PE ratio of 46.88, a P/E/G ratio of 1.54 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $149.91 and a 1-year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Stifel Nicolaus boosted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wedbush boosted their price objective on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday. Finally, Mizuho upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.