Quadrant Capital Group LLC Increases Stake in Amazon.com, Inc. (AMZN)
Quadrant Capital Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,894 shares of the e-commerce giant’s stock after purchasing an additional 173 shares during the period. Amazon.com makes up about 1.1% of Quadrant Capital Group LLC’s investment portfolio, making the stock its 13th biggest position. Quadrant Capital Group LLC’s holdings in Amazon.com were worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. JJJ Advisors Inc. acquired a new stake in Amazon.com in the second quarter worth $175,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Amazon.com by 31.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after purchasing an additional 19,500 shares during the period. Vista Equity Partners Management LLC raised its holdings in Amazon.com by 44.3% in the first quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock worth $18,565,000 after purchasing an additional 3,936 shares during the period. Landaas & Co. WI ADV acquired a new stake in Amazon.com in the second quarter worth $224,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Amazon.com by 5.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after purchasing an additional 1,342 shares during the period. Institutional investors own 55.64% of the company’s stock.
Several research firms have weighed in on AMZN. Wedbush set a $2,100.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 23rd. UBS Group reiterated a “buy” rating on shares of Amazon.com in a report on Friday, October 26th. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Finally, JMP Securities reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $2,096.01.
Amazon.com stock opened at $1,668.40 on Thursday. The firm has a market capitalization of $815.80 billion, a P/E ratio of 366.68, a price-to-earnings-growth ratio of 3.17 and a beta of 1.70. Amazon.com, Inc. has a 1-year low of $1,124.74 and a 1-year high of $2,050.50. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The business had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. On average, research analysts anticipate that Amazon.com, Inc. will post 19.49 earnings per share for the current year.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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