Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Parallel Advisors LLC

Parallel Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,286 shares of the e-commerce giant’s stock after acquiring an additional 3,388 shares during the quarter. Amazon.com makes up approximately 1.5% of Parallel Advisors LLC’s holdings, making the stock its 11th biggest holding. Parallel Advisors LLC’s holdings in Amazon.com were worth $50,184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMZN. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC acquired a new position in Amazon.com during the 4th quarter valued at about $43,000. Harbor Investment Advisory LLC grew its position in Amazon.com by 0.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $57,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Moffett Nathanson restated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. Argus increased their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Evercore ISI raised their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $213.82.

Check Out Our Latest Report on AMZN

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at approximately $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 0.4 %

NASDAQ AMZN opened at $184.30 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The firm’s fifty day simple moving average is $182.53 and its 200-day simple moving average is $168.66. The company has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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