Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Quartz Partners LLC

Quartz Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,190 shares of the e-commerce giant’s stock after selling 79 shares during the quarter. Quartz Partners LLC’s holdings in Amazon.com were worth $1,358,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. International Assets Investment Management LLC grew its holdings in Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter. State Street Corp boosted its position in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after buying an additional 11,370,309 shares in the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after acquiring an additional 5,081,217 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the sale, the senior vice president now owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.64. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 2.2 %

NASDAQ AMZN opened at $201.13 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50 day moving average price of $217.91 and a two-hundred day moving average price of $208.80. The stock has a market cap of $2.13 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Raymond James increased their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. DA Davidson increased their target price on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their price objective on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.65.

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.