Quadrant Capital Group LLC Raises Position in Amazon.com, Inc. $AMZN

Key Points

• Quadrant Capital Group LLC increased its Amazon stake by 6.2% in the fourth quarter, adding 16,770 shares and bringing its total holdings to 287,468 shares valued at about $66.4 million.
• Amazon continues to attract major institutional ownership, with firms like Vanguard, State Street, Geode, and Norges Bank also raising or initiating positions; institutions now own about 72.2% of the stock.
• Despite some recent insider selling and concerns about heavy AI spending, Amazon reported strong quarterly results, including earnings of $2.78 per share versus estimates of $1.63 and revenue growth of 16.6% year over year.

Quadrant Capital Group LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 287,468 shares of the e-commerce giant's stock after purchasing an additional 16,770 shares during the period. Amazon.com makes up about 2.0% of Quadrant Capital Group LLC's portfolio, making the stock its 9th biggest position. Quadrant Capital Group LLC's holdings in Amazon.com were worth $66,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after purchasing an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock valued at $51,753,622,000 after purchasing an additional 2,479,324 shares during the last quarter. Norges Bank bought a new position in shares of Amazon.com in the 4th quarter valued at $32,868,735,000. Finally, Northern Trust Corp increased its stake in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $266.19, for a total value of $266,190.00. Following the sale, the chief executive officer owned 485,527 shares in the company, valued at approximately $129,242,432.13. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. This trade represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMZN shares. Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, April 10th. Arete Research lifted their price target on Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Phillip Securities upgraded Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 price target on the stock in a research note on Wednesday, May 13th. DA Davidson lifted their price target on Amazon.com from $175.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $280.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.78.

Amazon.com Trading Down 1.2%

Shares of AMZN stock opened at $238.55 on Friday. The firm has a market capitalization of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.81 and a beta of 1.44. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock's fifty day simple moving average is $253.49 and its 200 day simple moving average is $233.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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