Quantbot Technologies LP Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Quantbot Technologies LP lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 39.7% during the third quarter, HoldingsChannel reports. The firm owned 17,530 shares of the e-commerce giant’s stock after selling 11,556 shares during the period. Quantbot Technologies LP’s holdings in Amazon.com were worth $3,266,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in shares of Amazon.com by 2.0% during the third quarter. D.A. Davidson & CO. now owns 651,643 shares of the e-commerce giant’s stock valued at $121,421,000 after purchasing an additional 12,576 shares during the period. Elios Financial Group Inc. purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $316,000. Blue Investment Partners LLC raised its stake in shares of Amazon.com by 9.3% during the third quarter. Blue Investment Partners LLC now owns 109,261 shares of the e-commerce giant’s stock valued at $20,359,000 after purchasing an additional 9,298 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Amazon.com by 2.9% during the third quarter. The Manufacturers Life Insurance Company now owns 19,043,336 shares of the e-commerce giant’s stock valued at $3,548,370,000 after purchasing an additional 533,975 shares during the period. Finally, Acorn Wealth Advisors LLC raised its stake in shares of Amazon.com by 21.3% during the third quarter. Acorn Wealth Advisors LLC now owns 7,019 shares of the e-commerce giant’s stock valued at $1,308,000 after purchasing an additional 1,233 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $224.19 on Monday. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The firm’s 50-day simple moving average is $213.07 and its 200 day simple moving average is $194.21. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.36 trillion, a P/E ratio of 48.01, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wedbush raised their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Sanford C. Bernstein raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.44.

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.