Park Edge Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,007 shares of the e-commerce giant’s stock after purchasing an additional 1,101 shares during the quarter. Amazon.com makes up 0.7% of Park Edge Advisors LLC’s investment portfolio, making the stock its 26th largest position. Park Edge Advisors LLC’s holdings in Amazon.com were worth $2,854,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of AMZN. Vanguard Group Inc. increased its holdings 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 acquiring an additional 8,913,959 shares during the last quarter. Northern Trust Corp lifted its stake in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Amazon.com by 14.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,975,984 shares of the e-commerce giant’s stock valued at $14,474,471,000 after purchasing an additional 8,142,030 shares in the last quarter. Nuveen LLC purchased a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $231.23 on Friday. The business’s fifty day moving average price is $227.68 and its 200 day moving average price is $209.23. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 35.25, a PEG ratio of 1.55 and a beta of 1.30.
Insider Transactions at Amazon.com
In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Wells Fargo & Company lifted their target price on Amazon.com from $238.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 target price for the company in a report on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $263.30.
Get Our Latest Research Report on Amazon.com
Amazon.com Profile
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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