Quent Capital LLC Purchases 3,496 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Quent Capital LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,602 shares of the e-commerce giant's stock after acquiring an additional 3,496 shares during the quarter. Amazon.com comprises approximately 0.9% of Quent Capital LLC's investment portfolio, making the stock its 26th biggest position. Quent Capital LLC's holdings in Amazon.com were worth $8,908,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMZN. Quattro Financial Advisors LLC increased its holdings in shares of Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the period. MBM Wealth Consultants LLC grew its position in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the last quarter. Semus Wealth Partners LLC increased its stake in Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the period. GGM Financials LLC raised its holdings in shares of Amazon.com by 2.1% in the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock valued at $540,000 after buying an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its stake in shares of Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after buying an additional 51 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several research firms have commented on AMZN. Telsey Advisory Group reaffirmed an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein raised their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.65.

Amazon.com Price Performance

NASDAQ:AMZN traded down $5.17 during trading hours on Thursday, reaching $193.72. 34,028,390 shares of the company's stock were exchanged, compared to its average volume of 39,159,719. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a market capitalization of $2.05 trillion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business's 50-day simple moving average is $222.71 and its two-hundred day simple moving average is $207.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $10,933,860. This trade represents a 22.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.