Amazon.com, Inc. $AMZN Shares Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 92.4% during the third quarter, HoldingsChannel reports. The firm owned 100,440 shares of the e-commerce giant’s stock after acquiring an additional 48,229 shares during the period. Amazon.com comprises about 7.0% of Quattro Financial Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Quattro Financial Advisors LLC’s holdings in Amazon.com were worth $22,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter worth $27,000. Maryland Capital Advisors Inc. grew its holdings in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in Amazon.com during the second quarter worth about $48,000. Cooksen Wealth LLC increased its position in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the last quarter. Finally, PayPay Securities Corp raised its stake in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after purchasing an additional 96 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com News Roundup

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Roth Capital increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, October 31st. TD Cowen upped their price objective on Amazon.com from $300.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday. Barclays reissued an “overweight” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. Raymond James Financial upped their price target on Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Bank of America increased their price target on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $295.61.

Check Out Our Latest Research Report on Amazon.com

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the sale, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 79,734 shares of company stock valued at $18,534,017. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $236.65 on Thursday. The stock has a market capitalization of $2.53 trillion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The business has a 50-day moving average of $232.66 and a 200 day moving average of $228.35. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNFree Report).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.