Amazon.com, Inc. (NASDAQ:AMZN) is Quantinno Capital Management LP’s 4th Largest Position

Quantinno Capital Management LP lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,463 shares of the e-commerce giant’s stock after purchasing an additional 34,897 shares during the quarter. Amazon.com comprises 1.9% of Quantinno Capital Management LP’s holdings, making the stock its 4th largest position. Quantinno Capital Management LP’s holdings in Amazon.com were worth $33,302,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after purchasing an additional 12,456,995 shares during the last quarter. State Street Corp raised its stake in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after purchasing an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after purchasing an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Amazon.com by 2.3% in the first quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after purchasing an additional 3,774,390 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $145.18 on Monday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $147.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 75.22, a PEG ratio of 1.93 and a beta of 1.17. The business’s 50 day moving average price is $133.72 and its 200 day moving average price is $129.77.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The company had revenue of $143.08 billion for the quarter, compared to the consensus estimate of $141.53 billion. On average, research analysts predict that Amazon.com, Inc. will post 2.6 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Roth Mkm lifted their price target on Amazon.com from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity Group lifted their price target on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Morgan Stanley reiterated an “overweight” rating and set a $175.00 price target on shares of Amazon.com in a research report on Monday, October 2nd. UBS Group reduced their price target on Amazon.com from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Finally, Evercore ISI lifted their price target on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.93.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares in the company, valued at $17,048,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of Amazon.com stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares in the company, valued at $17,048,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 42,816 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The disclosure for this sale can be found here. Insiders have sold 67,572 shares of company stock worth $9,639,169 over the last quarter. 12.30% of the stock is currently owned by company insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.