Quadrant Capital Group LLC Sells 14,464 Shares of Amazon.com, Inc. $AMZN

Quadrant Capital Group LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 275,119 shares of the e-commerce giant’s stock after selling 14,464 shares during the quarter. Amazon.com accounts for about 1.9% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 9th biggest position. Quadrant Capital Group LLC’s holdings in Amazon.com were worth $71,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMZN. Bell Bank grew its position in shares of Amazon.com by 6.8% during the 3rd quarter. Bell Bank now owns 71,599 shares of the e-commerce giant’s stock worth $17,839,000 after buying an additional 4,582 shares in the last quarter. Eagle Harbor Asset Management Inc. ADV raised its holdings in shares of Amazon.com by 2.1% in the third quarter. Eagle Harbor Asset Management Inc. ADV now owns 6,073 shares of the e-commerce giant’s stock valued at $1,513,000 after acquiring an additional 124 shares in the last quarter. Capstone Capital Management Ltd lifted its stake in Amazon.com by 42.2% in the third quarter. Capstone Capital Management Ltd now owns 1,949 shares of the e-commerce giant’s stock worth $486,000 after acquiring an additional 578 shares during the period. Range Financial Group LLC lifted its stake in Amazon.com by 15.9% in the third quarter. Range Financial Group LLC now owns 2,756 shares of the e-commerce giant’s stock worth $687,000 after acquiring an additional 379 shares during the period. Finally, Newman Dignan & Sheerar Inc. lifted its stake in Amazon.com by 0.6% in the third quarter. Newman Dignan & Sheerar Inc. now owns 30,236 shares of the e-commerce giant’s stock worth $7,533,000 after acquiring an additional 169 shares during the period. Institutional investors own 72.20% of the company’s stock.

Key Stories Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Wall Street Analyst Weigh In

A number of research analysts have commented on AMZN shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Wolfe Research restated an “outperform” rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. Barclays reaffirmed an “overweight” rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Zacks Research downgraded shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $321.02.

Check Out Our Latest Report on Amazon.com

Amazon.com Price Performance

AMZN opened at $250.69 on Wednesday. The business’s 50-day moving average is $253.79 and its two-hundred day moving average is $243.18. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market capitalization of $2.71 trillion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 7.84 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 70,589 shares of company stock worth $18,302,125. 8.90% of the stock is owned by corporate insiders.

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

Further Reading

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

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