Bridgewater Associates LP Has $263.03 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Bridgewater Associates LP lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,411,643 shares of the e-commerce giant’s stock after selling 1,233,924 shares during the period. Amazon.com comprises approximately 1.5% of Bridgewater Associates LP’s investment portfolio, making the stock its 9th biggest position. Bridgewater Associates LP’s holdings in Amazon.com were worth $263,031,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Soros Capital Management LLC grew its stake in Amazon.com by 362.4% in the 3rd quarter. Soros Capital Management LLC now owns 106,273 shares of the e-commerce giant’s stock worth $19,802,000 after acquiring an additional 83,291 shares in the last quarter. Insight Wealth Partners LLC increased its holdings in shares of Amazon.com by 12.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 11,111 shares of the e-commerce giant’s stock valued at $2,070,000 after acquiring an additional 1,226 shares during the period. Hardy Reed LLC lifted its stake in shares of Amazon.com by 0.7% during the 3rd quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock worth $5,922,000 after purchasing an additional 235 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of Amazon.com by 15.5% in the 3rd quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock valued at $7,851,000 after buying an additional 5,650 shares in the last quarter. Finally, Carlson Capital Management grew its position in shares of Amazon.com by 2.0% in the 3rd quarter. Carlson Capital Management now owns 9,468 shares of the e-commerce giant’s stock worth $1,764,000 after buying an additional 190 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. JMP Securities reissued a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Monday, December 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Finally, Stifel Nicolaus raised their price objective on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.67.

Amazon.com Trading Up 1.5 %

NASDAQ AMZN opened at $227.61 on Tuesday. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 48.74, a PEG ratio of 1.54 and a beta of 1.14. The firm has a 50 day simple moving average of $213.85 and a 200-day simple moving average of $194.50. Amazon.com, Inc. has a one year low of $146.15 and a one year high of $233.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

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

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last ninety days. Insiders own 10.80% 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.