Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Quattro Financial Advisors LLC

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Quattro Financial Advisors LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,455 shares of the e-commerce giant’s stock after purchasing an additional 924 shares during the quarter. Amazon.com comprises 2.7% of Quattro Financial Advisors LLC’s holdings, making the stock its 12th biggest position. Quattro Financial Advisors LLC’s holdings in Amazon.com were worth $8,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMZN. Signet Investment Advisory Group Inc. purchased a new stake in Amazon.com during the fourth quarter worth $33,000. Financial Advantage Inc. purchased a new stake in Amazon.com during the fourth quarter worth $45,000. Contravisory Investment Management Inc. boosted its holdings in Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Mascoma Wealth Management LLC boosted its holdings in Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Finally, Mcmillion Capital Management Inc. purchased a new stake in Amazon.com during the second quarter worth $104,000. Institutional investors and hedge funds own 57.17% of the company’s stock.

In related news, CEO Andrew R. Jassy sold 7,308 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now directly owns 92,614 shares in the company, valued at $185,228,000. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 880 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $1,834.59, for a total transaction of $1,614,439.20. Following the sale, the senior vice president now owns 3,902 shares of the company’s stock, valued at $7,158,570.18. The disclosure for this sale can be found here. Insiders sold 12,093 shares of company stock valued at $23,535,023 over the last quarter. Company insiders own 16.10% of the company’s stock.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a report on Monday, July 29th. JMP Securities increased their price objective on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Wedbush reaffirmed a “buy” rating and set a $2,350.00 price objective on shares of Amazon.com in a report on Monday, July 22nd. Aegis reaffirmed a “buy” rating and set a $2,250.00 price objective (up from $2,225.00) on shares of Amazon.com in a report on Friday, April 26th. Finally, Deutsche Bank increased their price objective on shares of Amazon.com from $2,315.00 to $2,515.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $2,251.95.

Shares of NASDAQ AMZN traded up $30.57 during mid-day trading on Tuesday, reaching $1,815.49. The company’s stock had a trading volume of 40,097 shares, compared to its average volume of 3,796,725. The business has a 50-day simple moving average of $1,917.30. The firm has a market cap of $894.13 billion, a PE ratio of 90.36, a P/E/G ratio of 2.29 and a beta of 1.55. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 1-year low of $1,307.00 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Zacks’ consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. Amazon.com’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $5.07 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 24.52 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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