Quantbot Technologies LP Has $2.01 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Quantbot Technologies LP trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,139 shares of the e-commerce giant's stock after selling 8,391 shares during the period. Quantbot Technologies LP's holdings in Amazon.com were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its position in shares of Amazon.com by 59.3% during the 4th quarter. Virtu Financial LLC now owns 100,052 shares of the e-commerce giant's stock valued at $21,950,000 after acquiring an additional 37,261 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $2,148,000. Atlas Wealth LLC grew its position in Amazon.com by 1.8% during the fourth quarter. Atlas Wealth LLC now owns 23,555 shares of the e-commerce giant's stock worth $5,168,000 after buying an additional 420 shares during the period. MRP Capital Investments LLC grew its holdings in Amazon.com by 1.3% during the 4th quarter. MRP Capital Investments LLC now owns 11,430 shares of the e-commerce giant's stock valued at $2,508,000 after buying an additional 150 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its stake in Amazon.com by 1.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 3,430 shares of the e-commerce giant's stock worth $752,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Westpark Capital assumed coverage on Amazon.com in a research note on Tuesday, April 1st. They issued a "buy" rating and a $280.00 target price on the stock. Citigroup cut their price target on Amazon.com from $273.00 to $225.00 and set a "buy" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Maxim Group raised their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Trading Up 1.5 %

AMZN stock traded up $2.78 during midday trading on Friday, reaching $189.32. The stock had a trading volume of 26,330,076 shares, compared to its average volume of 41,918,191. 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 twelve month low of $151.61 and a twelve month high of $242.52. The business has a fifty day simple moving average of $194.27 and a two-hundred day simple moving average of $207.70. The firm has a market cap of $2.01 trillion, a price-to-earnings ratio of 34.30, a PEG ratio of 1.50 and a beta of 1.39.

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

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at approximately $15,265,436.64. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Amazon.com 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.