Quattro Financial Advisors LLC Has $35,000 Position in Amazon.com, Inc. (NASDAQ:AMZN)

Quattro Financial Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 99.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 189 shares of the e-commerce giant’s stock after selling 125,509 shares during the period. Amazon.com makes up about 0.0% of Quattro Financial Advisors LLC’s portfolio, making the stock its 17th biggest holding. Quattro Financial Advisors LLC’s holdings in Amazon.com were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its stake in shares of Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Crown Wealth Group LLC lifted its stake in Amazon.com by 18.5% in the 1st quarter. Crown Wealth Group LLC now owns 20,478 shares of the e-commerce giant’s stock valued at $3,694,000 after purchasing an additional 3,193 shares during the last quarter. Better Money Decisions LLC boosted its position in Amazon.com by 3.3% in the first quarter. Better Money Decisions LLC now owns 8,449 shares of the e-commerce giant’s stock valued at $1,524,000 after buying an additional 266 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Amazon.com by 1.7% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 438,822 shares of the e-commerce giant’s stock worth $79,155,000 after buying an additional 7,466 shares during the last quarter. Finally, CNB Bank increased its holdings in shares of Amazon.com by 3.7% during the first quarter. CNB Bank now owns 36,264 shares of the e-commerce giant’s stock worth $6,541,000 after buying an additional 1,280 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMZN. Sanford C. Bernstein boosted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their price target on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. JMP Securities upped their price objective on Amazon.com from $265.00 to $285.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Barclays lifted their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Evercore ISI upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $235.45.

Amazon.com Stock Performance

Shares of AMZN opened at $202.61 on Monday. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day moving average price of $191.16 and a two-hundred day moving average price of $185.81. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 43.39, a P/E/G ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. Equities analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Company 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.