QRG Capital Management Inc. Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

QRG Capital Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 1,381,724 shares of the e-commerce giant’s stock after acquiring an additional 21,224 shares during the quarter. Amazon.com accounts for about 2.8% of QRG Capital Management Inc.’s portfolio, making the stock its 4th largest holding. QRG Capital Management Inc.’s holdings in Amazon.com were worth $257,457,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at $56,000. Finally, Christopher J. Hasenberg Inc lifted its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.6 %

AMZN stock opened at $228.97 on Friday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $231.20. The company has a market capitalization of $2.41 trillion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company’s 50 day moving average price is $199.89 and its two-hundred day moving average price is $189.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.04% and a return on equity of 22.41%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target for the company. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research note on Friday, November 1st. Finally, Mizuho upped their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $237.98.

Insider Buying and Selling at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is currently owned by insiders.

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.