Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 32.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,022 shares of the e-commerce giant’s stock after purchasing an additional 3,648 shares during the period. Quantum Financial Advisors LLC’s holdings in Amazon.com were worth $3,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Biltmore Wealth Management LLC lifted its holdings in Amazon.com by 2.0% during the 4th quarter. Biltmore Wealth Management LLC now owns 5,607 shares of the e-commerce giant’s stock worth $1,230,000 after buying an additional 112 shares in the last quarter. Crane Advisory LLC increased its position in shares of Amazon.com by 10.3% during the fourth quarter. Crane Advisory LLC now owns 4,459 shares of the e-commerce giant’s stock worth $1,000,000 after acquiring an additional 417 shares during the period. Tlwm raised its stake in shares of Amazon.com by 2.4% in the fourth quarter. Tlwm now owns 12,405 shares of the e-commerce giant’s stock valued at $2,722,000 after acquiring an additional 292 shares in the last quarter. McNaughton Wealth Management LLC boosted its holdings in Amazon.com by 1.6% in the fourth quarter. McNaughton Wealth Management LLC now owns 7,026 shares of the e-commerce giant’s stock valued at $1,541,000 after purchasing an additional 112 shares during the period. Finally, Cardinal Point Capital Management ULC increased its holdings in Amazon.com by 88.0% during the 4th quarter. Cardinal Point Capital Management ULC now owns 11,116 shares of the e-commerce giant’s stock worth $2,439,000 after purchasing an additional 5,203 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $234.85 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company’s fifty day moving average price is $220.27 and its two-hundred day moving average price is $197.47. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $236.40.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Morgan Stanley boosted their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Truist Financial raised their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Finally, DA Davidson restated a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $249.02.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by corporate 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.