Moore Capital Management LP Cuts Stake in Amazon.com Inc.
Moore Capital Management LP reduced its stake in Amazon.com Inc.'s (NASDAQ:AMZN) stock by 5.1% during the second quarter, according to a recent SEC filing. The firm owned 223,435 shares of the e-commerce giant's stock after selling 12,070 shares during the quarter.
Amazon makes up 0.8% of Moore Capital Management LP's investment portfolio, making it the company's 19th largest holding. At the end of the most recent quarter, Moore Capital Management LP's holdings in Amazon.com were worth $53,253,000.
In other news, several other hedge funds have also recently bought and sold shares of AMZN. Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% during the fourth quarter and now owns 98,448,885 shares valued at $2,272,397,000.
Bank of America Corp DE purchased a new position in shares of Amazon.com in the second quarter valued at approximately $22,218,775,000. Meanwhile, Amundi grew its holdings in shares of Amazon.com by 14.1% in the first quarter and now owns 61,400,503 shares valued at $12,787,883,000.
Amazon's stock performance has been impressive, with a 12 month low of $196.00 and a 12 month high of $287.20. The company has a market capitalization of $2.66 trillion and a PE ratio of 19.80.