Parkside Investments LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,848 shares of the e-commerce giant’s stock after buying an additional 135 shares during the period. Amazon.com makes up approximately 2.1% of Parkside Investments LLC’s portfolio, making the stock its 8th largest position. Parkside Investments LLC’s holdings in Amazon.com were worth $15,763,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after acquiring an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com during the 4th quarter worth approximately $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 1.7%
Shares of Amazon.com stock opened at $216.39 on Wednesday. The company has a market cap of $2.31 trillion, a P/E ratio of 32.99, a PEG ratio of 1.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The firm has a fifty day moving average of $226.16 and a two-hundred day moving average of $212.19.
Analyst Ratings Changes
Several research analysts have recently issued reports on AMZN shares. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Westpark Capital restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Finally, Cowen restated a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $266.26.
Check Out Our Latest Analysis on Amazon.com
Insider Activity at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $227.77, for a total value of $973,315,191.49. Following the completion of the transaction, the insider owned 890,273,469 shares in the company, valued at $202,777,588,034.13. This trade represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were 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 $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock worth $2,486,013,854 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.
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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