Quadrant Capital Group LLC Grows Stock Position in Amazon.com, Inc. $AMZN

Quadrant Capital Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 287,468 shares of the e-commerce giant’s stock after acquiring an additional 16,770 shares during the period. Amazon.com comprises about 2.0% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 9th largest position. Quadrant Capital Group LLC’s holdings in Amazon.com were worth $66,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Gould Capital LLC lifted its stake in shares of Amazon.com by 3.6% in the 4th quarter. Gould Capital LLC now owns 8,546 shares of the e-commerce giant’s stock valued at $1,973,000 after purchasing an additional 299 shares during the period. Castleark Management LLC lifted its stake in shares of Amazon.com by 20.9% in the 4th quarter. Castleark Management LLC now owns 472,149 shares of the e-commerce giant’s stock valued at $108,981,000 after purchasing an additional 81,542 shares during the period. Livet Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $1,048,000. RPg Family Wealth Advisory LLC lifted its stake in shares of Amazon.com by 7.9% in the 4th quarter. RPg Family Wealth Advisory LLC now owns 37,798 shares of the e-commerce giant’s stock valued at $8,725,000 after purchasing an additional 2,764 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of Amazon.com by 4.0% in the 4th quarter. CI Investments Inc. now owns 4,687,926 shares of the e-commerce giant’s stock valued at $1,082,068,000 after purchasing an additional 182,099 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.2%

AMZN stock opened at $238.55 on Friday. The stock’s 50 day simple moving average is $253.49 and its 200 day simple moving average is $233.62. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The company has a market cap of $2.57 trillion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. On average, research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Amazon.com News Roundup

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. KeyCorp boosted their price objective on Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. UBS Group set a $315.00 price objective on Amazon.com in a research note on Monday, June 1st. Wolfe Research reaffirmed an “outperform” rating and set a $320.00 price target (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Bank of America upped their price target on Amazon.com from $298.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Maxim Group upped their price target on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.78.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 195,774 shares of company stock worth $51,614,434. Company insiders own 8.90% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.