Quest Partners LLC Has $610,000 Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Quest Partners LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 92.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,276 shares of the e-commerce giant’s stock after buying an additional 1,570 shares during the quarter. Quest Partners LLC’s holdings in Amazon.com were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Phillips Financial Management LLC grew its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. Phillips Financial Management LLC now owns 6,572 shares of the e-commerce giant’s stock valued at $1,225,000 after buying an additional 140 shares during the period. Aljian Capital Management LLC grew its stake in Amazon.com by 10.4% in the third quarter. Aljian Capital Management LLC now owns 242,631 shares of the e-commerce giant’s stock valued at $45,209,000 after acquiring an additional 22,876 shares during the period. TrinityPoint Wealth LLC increased its holdings in shares of Amazon.com by 2.1% in the third quarter. TrinityPoint Wealth LLC now owns 100,644 shares of the e-commerce giant’s stock worth $18,753,000 after acquiring an additional 2,072 shares in the last quarter. Glass Wealth Management Co LLC raised its position in shares of Amazon.com by 3.3% during the third quarter. Glass Wealth Management Co LLC now owns 33,162 shares of the e-commerce giant’s stock worth $6,179,000 after purchasing an additional 1,062 shares during the period. Finally, Clarkston Capital Partners LLC lifted its holdings in shares of Amazon.com by 1.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 12,674 shares of the e-commerce giant’s stock valued at $2,362,000 after purchasing an additional 200 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $223.75 on Friday. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $209.73 and a 200-day moving average price of $192.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on AMZN shares. Pivotal Research began coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Mizuho increased their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $243.00.

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.