Atlantic Trust Group LLC Cuts Position in Amazon.com, Inc. (AMZN)

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Atlantic Trust Group LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 495,458 shares of the e-commerce giant’s stock after selling 73,935 shares during the quarter. Amazon.com makes up approximately 3.1% of Atlantic Trust Group LLC’s holdings, making the stock its biggest position. Atlantic Trust Group LLC’s holdings in Amazon.com were worth $717,097,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Berkshire Capital Holdings Inc. purchased a new position in Amazon.com in the 1st quarter worth approximately $17,715,000. Suntrust Banks Inc. lifted its holdings in Amazon.com by 14.9% in the 4th quarter. Suntrust Banks Inc. now owns 67,992 shares of the e-commerce giant’s stock worth $79,513,000 after purchasing an additional 8,806 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Amazon.com in the 1st quarter worth approximately $964,000. Wealthfront Inc. lifted its holdings in Amazon.com by 12.8% in the 4th quarter. Wealthfront Inc. now owns 18,696 shares of the e-commerce giant’s stock worth $21,864,000 after purchasing an additional 2,117 shares in the last quarter. Finally, InterOcean Capital LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $476,000. 57.38% of the stock is currently owned by institutional investors.

A number of research firms recently commented on AMZN. Nomura reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity boosted their price target on Amazon.com from $2,000.00 to $2,100.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, July 11th. Macquarie reissued a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Finally, Barclays reaffirmed a “buy” rating and set a $1,870.00 price objective on shares of Amazon.com in a report on Friday, July 27th. Two research analysts have rated the stock with a hold rating, forty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Amazon.com currently has a consensus rating of “Buy” and an average price target of $1,963.87.

NASDAQ:AMZN opened at $1,958.31 on Friday. Amazon.com, Inc. has a fifty-two week low of $931.75 and a fifty-two week high of $2,050.50. The firm has a market cap of $981.68 billion, a P/E ratio of 439.67, a P/E/G ratio of 4.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. Amazon.com’s quarterly revenue was up 39.3% compared to the same quarter last year. sell-side analysts forecast that Amazon.com, Inc. will post 17.69 EPS for the current year.

In other Amazon.com news, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares in the company, valued at approximately $168,721,900. The disclosure for this sale can be found here. Insiders have sold a total of 21,308 shares of company stock worth $39,933,558 in the last 90 days. 16.30% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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

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