Quadrant Capital Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,894 shares of the e-commerce giant’s stock after purchasing an additional 173 shares during the period. Amazon.com accounts for 1.1% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 13th biggest holding. Quadrant Capital Group LLC’s holdings in Amazon.com were worth $3,200,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Guidant Wealth Advisors grew its holdings in shares of Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after acquiring an additional 355 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in shares of Amazon.com during the 1st quarter valued at $145,000. Braun Bostich & Associates Inc. purchased a new position in shares of Amazon.com during the 1st quarter valued at $174,000. Legacy Advisors LLC grew its holdings in shares of Amazon.com by 47.1% during the 2nd quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after acquiring an additional 33 shares in the last quarter. Finally, JJJ Advisors Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $175,000. Hedge funds and other institutional investors own 55.64% of the company’s stock.
In other news, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,566.69, for a total transaction of $2,704,106.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 437 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total transaction of $687,449.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,842 shares of company stock worth $42,513,241. Insiders own 16.30% of the company’s stock.
Amazon.com stock opened at $1,668.40 on Thursday. The firm has a market cap of $815.80 billion, a price-to-earnings ratio of 366.68, a PEG ratio of 3.17 and a beta of 1.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com, Inc. has a fifty-two week low of $1,124.74 and a fifty-two week high of $2,050.50.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Equities analysts forecast that Amazon.com, Inc. will post 19.49 earnings per share for the current fiscal year.
Several research firms have recently commented on AMZN. BidaskClub upgraded shares of Amazon.com from a “sell” rating to a “hold” rating in a report on Wednesday. Independent Research restated a “buy” rating on shares of Amazon.com in a report on Wednesday, September 26th. MKM Partners boosted their price target on shares of Amazon.com from $1,840.00 to $2,215.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Citigroup lifted their price objective on shares of Amazon.com from $2,100.00 to $2,250.00 and gave the company a “buy” rating in a research note on Monday, September 10th. Finally, Macquarie reaffirmed a “buy” rating and issued a $2,200.00 price objective on shares of Amazon.com in a research note on Tuesday, October 2nd. Three research analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,096.01.
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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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