Trade Report: The Quadrant Capital Group LLC reaches $1,142,000 position of Amazon.com Inc. (AMZN)

The Quadrant Capital Group LLC reaches $1,142,000 position  of Amazon.com Inc. (AMZN)

Quadrant Capital Group LLC boosted its position in Amazon.com Inc. (NASDAQ:AMZN) by 17.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,611 shares of the e-commerce giant’s stock after buying an additional 244 shares during the period. Amazon.com comprises approximately 0.8% of Quadrant Capital Group LLC’s holdings, making the stock its 22nd largest position. Quadrant Capital Group LLC’s holdings in Amazon.com were worth $1,142,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Kistler Tiffany Companies LLC raised its position in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the period. West Oak Capital LLC raised its position in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the period. Perkins Coie Trust Co raised its position in Amazon.com by 200.0% in the second quarter. Perkins Coie Trust Co now owns 225 shares of the e-commerce giant’s stock worth $161,000 after buying an additional 150 shares during the period. Capital Asset Advisory Services LLC bought a new position in Amazon.com during the second quarter worth $205,000. Finally, Hengehold Capital Management LLC bought a new position in Amazon.com during the second quarter worth $214,000. 65.44% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Inc. (NASDAQ:AMZN) traded up 0.4680% on Wednesday, hitting $834.8887. The company’s stock had a trading volume of 1,769,820 shares. Amazon.com Inc. has a 1-year low of $474.00 and a 1-year high of $847.21. The company has a market capitalization of $395.80 billion, a P/E ratio of 207.6321 and a beta of 1.20. The company has a 50 day moving average price of $794.09 and a 200-day moving average price of $723.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. On average, equities analysts forecast that Amazon.com Inc. will post $5.85 earnings per share for the current fiscal year.

AMZN has been the topic of a number of research analyst reports. JMP Securities restated a “buy” rating on shares of Amazon.com in a research report on Sunday, July 17th. Bank of America Corp. restated a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a research report on Sunday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $900.00 target price on shares of Amazon.com in a research report on Sunday, July 10th. Zacks Investment Research downgraded Amazon.com from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 29th. Five research analysts have rated the stock with a hold rating, forty-six have assigned a buy rating and one has issued a strong buy rating to the company. Amazon.com has a consensus rating of “Buy” and a consensus price target of $891.31.

In other news, VP Shelley Reynolds sold 625 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the sale, the vice president now directly owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

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