Parkside Investments LLC Acquires 147 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Parkside Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,654 shares of the e-commerce giant’s stock after buying an additional 147 shares during the period. Amazon.com makes up about 2.3% of Parkside Investments LLC’s holdings, making the stock its 10th largest position. Parkside Investments LLC’s holdings in Amazon.com were worth $11,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp increased its position in shares of Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock worth $23,917,115,000 after purchasing an additional 195,716 shares in the last quarter. Capital Research Global Investors increased its position in shares of Amazon.com by 14.1% during the fourth quarter. Capital Research Global Investors now owns 4,574,546 shares of the e-commerce giant’s stock worth $15,253,179,000 after purchasing an additional 564,699 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth about $14,053,756,000. Finally, Castleview Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth about $1,143,000. 72.51% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 2.2 %

AMZN stock opened at $142.57 on Friday. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 127.81, a PEG ratio of 6.11 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $116.58 and a 200-day simple moving average of $134.61. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 0.97 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on AMZN shares. Wolfe Research lifted their target price on Amazon.com from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Royal Bank of Canada cut their target price on Amazon.com from $194.00 to $175.00 in a research report on Friday, April 29th. Cowen dropped their price target on Amazon.com from $215.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Mizuho dropped their price target on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. Finally, Rosenblatt Securities boosted their price target on Amazon.com to $118.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.11.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the sale, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 173 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now directly owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the sale, the chief executive officer now directly owns 92,781 shares of the company’s stock, valued at $209,870,622. The disclosure for this sale can be found here. In the last three months, insiders sold 4,803 shares of company stock valued at $10,528,337. Company insiders own 12.70% of the company’s stock.

About Amazon.com

(Get Rating)

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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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