Victory Capital Management Inc. Trims Position in Amazon.com, Inc. (AMZN)

Victory Capital Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,410 shares of the e-commerce giant’s stock after selling 15,166 shares during the quarter. Victory Capital Management Inc.’s holdings in Amazon.com were worth $58,076,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC raised its position in shares of Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. raised its position in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after purchasing an additional 457,300 shares during the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.

AMZN has been the subject of several research reports. UBS Group restated a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Saturday, September 16th. Loop Capital restated a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Tuesday, September 19th. Argus reiterated a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a report on Thursday, September 21st. Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a report on Monday, September 25th. Finally, Jefferies Group reiterated a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,259.52.

In related news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total transaction of $612,690.88. The disclosure for this sale can be found here. Insiders sold 402,338 shares of company stock valued at $444,391,701 over the last quarter. Insiders own 17.00% of the company’s stock.

Amazon.com, Inc. (NASDAQ AMZN) opened at $1,254.33 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The stock has a market cap of $604,430.00, a P/E ratio of 316.75, a PEG ratio of 7.22 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $789.51 and a 1-year high of $1,259.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company’s revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

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Amazon.com Company Profile

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

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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