Quadcap Wealth Management LLC Purchases 1,894 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Quadcap Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,855 shares of the e-commerce giant's stock after buying an additional 1,894 shares during the quarter. Amazon.com makes up approximately 2.0% of Quadcap Wealth Management LLC's investment portfolio, making the stock its 6th largest position. Quadcap Wealth Management LLC's holdings in Amazon.com were worth $13,351,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc increased its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the 4th quarter valued at approximately $35,000. Finally, Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Royal Bank of Canada cut their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Mizuho cut their price objective on Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $244.09.

Amazon.com Trading Up 0.5%

NASDAQ:AMZN traded up $0.98 on Thursday, hitting $205.70. 34,630,040 shares of the stock were exchanged, compared to its average volume of 41,998,996. The stock has a fifty day moving average of $190.55 and a 200-day moving average of $208.71. The stock has a market cap of $2.18 trillion, a PE ratio of 37.20, a PEG ratio of 1.50 and a beta of 1.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by company insiders.

About Amazon.com

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.