Quotient Wealth Partners LLC Sells 437 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Quotient Wealth Partners LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,619 shares of the e-commerce giant’s stock after selling 437 shares during the period. Quotient Wealth Partners LLC’s holdings in Amazon.com were worth $6,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares in the last quarter. FMR LLC raised its position in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after buying an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after buying an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Rosenblatt Securities lifted their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. DA Davidson boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Stock Performance

Shares of AMZN opened at $211.65 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a 50-day moving average of $218.42 and a 200-day moving average of $208.93. The company has a market cap of $2.25 trillion, a PE ratio of 32.26, a P/E/G ratio of 1.57 and a beta of 1.31. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.