Quantum Financial Advisors LLC Has $2.66 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Quantum Financial Advisors LLC reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,959 shares of the e-commerce giant’s stock after selling 1,063 shares during the quarter. Quantum Financial Advisors LLC’s holdings in Amazon.com were worth $2,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc boosted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Perritt Capital Management Inc grew its stake in shares of Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc acquired a new position in Amazon.com during the fourth quarter worth $51,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 over the last quarter. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $213.24 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock’s 50-day simple moving average is $194.64 and its 200 day simple moving average is $209.13. The firm has a market capitalization of $2.26 trillion, a PE ratio of 38.56, a price-to-earnings-growth 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 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI cut their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Benchmark reiterated a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities reiterated a “market outperform” rating on shares of Amazon.com in a report on Tuesday, May 6th. Barclays dropped their price objective on Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James reiterated an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Company Profile

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.