Quattro Financial Advisors LLC Sells 4,334 Shares of Amazon.com, Inc. $AMZN

Quattro Financial Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,211 shares of the e-commerce giant’s stock after selling 4,334 shares during the period. Amazon.com makes up about 4.0% of Quattro Financial Advisors LLC’s portfolio, making the stock its 7th biggest position. Quattro Financial Advisors LLC’s holdings in Amazon.com were worth $11,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc boosted its holdings in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after buying an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after buying an additional 48 shares in the last quarter. Cobblestone Asset Management LLC increased its holdings in Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 50 shares in the last quarter. Finally, Seek First Inc. raised its position in shares of Amazon.com by 0.5% in the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Cantor Fitzgerald upped their price target on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Susquehanna boosted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. BMO Capital Markets boosted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, Moffett Nathanson upped their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,591,479 shares of company stock worth $1,512,698,663 over the last 90 days. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.7%

AMZN opened at $213.04 on Monday. The firm has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company’s 50 day simple moving average is $225.66 and its two-hundred day simple moving average is $212.88. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.