Candriam Luxembourg S.C.A. Decreases Holdings in Amazon.com, Inc. (AMZN)

Candriam Luxembourg S.C.A. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 76,062 shares of the e-commerce giant’s stock after selling 8,450 shares during the period. Amazon.com comprises 1.3% of Candriam Luxembourg S.C.A.’s investment portfolio, making the stock its 9th largest holding. Candriam Luxembourg S.C.A.’s holdings in Amazon.com were worth $73,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.9% during the second 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 in the last quarter. BlackRock Inc. lifted its position in shares of Amazon.com by 2.4% during the second 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 in the last quarter. Capital Research Global Investors lifted its position in shares of Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Amazon.com by 100,947.5% during the second 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 in the last quarter. Institutional investors own 59.82% of the company’s stock.

AMZN has been the topic of a number of recent research reports. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a research report on Monday, September 25th. Jefferies Group reaffirmed a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a report on Tuesday, September 26th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $1,400.00 price target on shares of Amazon.com in a report on Tuesday, September 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $1,150.00 price target on shares of Amazon.com in a report on Thursday, September 28th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $1,190.00 price target on shares of Amazon.com in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, fifty have given a buy rating and one has issued a strong buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,278.33.

Amazon.com, Inc. (NASDAQ AMZN) opened at $1,294.58 on Friday. The company has a market cap of $623,820.00, a PE ratio of 326.91, a PEG ratio of 7.62 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com, Inc. has a 12-month low of $803.00 and a 12-month high of $1,339.94.

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

In other news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $11,603,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock valued at $444,391,701 in the last 90 days. Insiders own 17.70% of the company’s stock.

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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.

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

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