Quent Capital LLC Trims Position in Amazon.com, Inc. (NASDAQ:AMZN)

Quent Capital LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 39,583 shares of the e-commerce giant’s stock after selling 1,019 shares during the period. Amazon.com accounts for about 0.8% of Quent Capital LLC’s portfolio, making the stock its 28th largest position. Quent Capital LLC’s holdings in Amazon.com were worth $7,531,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com during the 4th quarter valued at about $35,000. Finally, Perritt Capital Management Inc increased its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $216.98 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a fifty day moving average price of $192.26 and a 200 day moving average price of $208.96. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.30 trillion, a P/E ratio of 39.24, a P/E/G ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Deutsche Bank Aktiengesellschaft cut their target price on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities raised their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wedbush restated an “outperform” rating and issued a $235.00 price target (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $244.89.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 7,100 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.23, for a total transaction of $1,428,733.00. Following the transaction, the senior vice president now owns 60,600 shares of the company’s stock, valued at $12,194,538. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.