Amazon.com, Inc. $AMZN Holdings Increased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its holdings in Amazon.com by 11.0%, owning nearly 5.98 million shares, which now make up 1.1% of its investment portfolio.
• Insider Jeffrey P. Bezos sold over 4.27 million shares valued at approximately $960.67 million, reducing his ownership by 0.47%.
• Analysts have upgraded their price targets for Amazon.com, with the current consensus rating being "Buy" and an average price target of $262.87.

AQR Capital Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,975,977 shares of the e-commerce giant's stock after purchasing an additional 591,572 shares during the quarter. Amazon.com comprises 1.1% of AQR Capital Management LLC's investment portfolio, making the stock its 4th biggest position. AQR Capital Management LLC owned about 0.06% of Amazon.com worth $1,106,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Vanguard Group Inc. increased its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Northern Trust Corp raised its position in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after buying an additional 302,858 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Amazon.com by 14.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant's stock valued at $14,474,471,000 after buying an additional 8,142,030 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 in the last 90 days. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. JMP Securities restated a "market outperform" rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Truist Financial raised their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. HSBC raised their price objective on shares of Amazon.com from $240.00 to $256.00 in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target of $262.87.

Amazon.com Price Performance

AMZN stock opened at $228.15 on Friday. The firm's 50-day moving average price is $226.87 and its two-hundred day moving average price is $208.62. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.54 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.

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