Quantitative Investment Management LLC Makes New $16.02 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Quantitative Investment Management LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 141,728 shares of the e-commerce giant’s stock, valued at approximately $16,015,000. Amazon.com makes up 2.7% of Quantitative Investment Management LLC’s portfolio, making the stock its 7th biggest holding.

Several other large investors have also recently bought and sold shares of AMZN. Fiduciary Planning LLC boosted its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC boosted its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. boosted its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. boosted its stake in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners lifted its stake in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $130.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. New Street Research initiated coverage on Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price objective on the stock. Oppenheimer lifted their price objective on Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Rosenblatt Securities lifted their price objective on Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Finally, Morgan Stanley lifted their price objective on Amazon.com from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Trading Down 1.2 %

Shares of AMZN stock opened at $93.75 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. Amazon.com, Inc. has a 1 year low of $81.43 and a 1 year high of $170.83. The stock has a fifty day moving average of $95.10 and a two-hundred day moving average of $103.74. The firm has a market capitalization of $960.68 billion, a PE ratio of -349.80, a price-to-earnings-growth ratio of 3.91 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The business had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter last year, the firm posted $1.39 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew R. Jassy sold 23,874 shares of the business’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,394 shares of company stock valued at $6,994,626. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.