Quotient Wealth Partners LLC Purchases 5,050 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Quotient Wealth Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,056 shares of the e-commerce giant’s stock after purchasing an additional 5,050 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Amazon.com were worth $8,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Benedict Financial Advisors Inc. raised its holdings in shares of Amazon.com by 3.4% during the fourth quarter. Benedict Financial Advisors Inc. now owns 18,655 shares of the e-commerce giant’s stock valued at $4,093,000 after acquiring an additional 618 shares in the last quarter. Summit Wealth & Retirement Planning Inc. boosted its holdings in Amazon.com by 6.8% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 3,157 shares of the e-commerce giant’s stock valued at $693,000 after acquiring an additional 200 shares in the last quarter. Richard C. Young & CO. LTD. increased its position in Amazon.com by 0.7% during the 4th quarter. Richard C. Young & CO. LTD. now owns 88,347 shares of the e-commerce giant’s stock valued at $19,382,000 after purchasing an additional 601 shares during the period. Investment Advisory Services Inc. TX ADV raised its holdings in Amazon.com by 1.1% in the 4th quarter. Investment Advisory Services Inc. TX ADV now owns 14,465 shares of the e-commerce giant’s stock worth $3,173,000 after purchasing an additional 155 shares in the last quarter. Finally, WestEnd Advisors LLC lifted its position in shares of Amazon.com by 9.5% in the 4th quarter. WestEnd Advisors LLC now owns 234,069 shares of the e-commerce giant’s stock worth $51,352,000 after purchasing an additional 20,292 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $200.70 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $224.60 and a 200-day moving average price of $206.46. The firm has a market capitalization of $2.13 trillion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,649 shares of company stock valued at $23,871,905. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Wedbush reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Royal Bank of Canada upped their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC restated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. The Goldman Sachs Group upped their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Loop Capital raised their price objective on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.