Quent Capital LLC Raises Position in Amazon.com, Inc. $AMZN

Quent Capital LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 40,362 shares of the e-commerce giant’s stock after buying an additional 779 shares during the period. Amazon.com makes up about 0.9% of Quent Capital LLC’s investment portfolio, making the stock its 28th largest holding. Quent Capital LLC’s holdings in Amazon.com were worth $8,855,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. NTV Asset Management LLC raised its holdings in Amazon.com by 5.3% in the second quarter. NTV Asset Management LLC now owns 33,072 shares of the e-commerce giant’s stock worth $7,256,000 after buying an additional 1,665 shares during the last quarter. Wallington Asset Management LLC raised its holdings in Amazon.com by 1.8% in the second quarter. Wallington Asset Management LLC now owns 94,906 shares of the e-commerce giant’s stock worth $20,821,000 after buying an additional 1,705 shares during the last quarter. Successful Portfolios LLC raised its holdings in Amazon.com by 0.5% in the second quarter. Successful Portfolios LLC now owns 12,072 shares of the e-commerce giant’s stock worth $2,649,000 after buying an additional 60 shares during the last quarter. WT Asset Management Ltd raised its holdings in Amazon.com by 14.2% in the second quarter. WT Asset Management Ltd now owns 482,400 shares of the e-commerce giant’s stock worth $105,834,000 after buying an additional 59,863 shares during the last quarter. Finally, Fortis Capital Advisors LLC raised its holdings in Amazon.com by 0.8% in the second quarter. Fortis Capital Advisors LLC now owns 45,705 shares of the e-commerce giant’s stock worth $10,027,000 after buying an additional 354 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMZN shares. Susquehanna lifted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $266.26.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,252,009 shares of company stock valued at $976,047,640. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $216.48 on Tuesday. The firm has a 50 day moving average of $225.56 and a 200 day moving average of $213.20. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.