Parkside Investments LLC Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)
Parkside Investments LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,713 shares of the e-commerce giant's stock after buying an additional 9,000 shares during the period. Amazon.com comprises approximately 2.0% of Parkside Investments LLC's portfolio, making the stock its 12th largest position. Parkside Investments LLC's holdings in Amazon.com were worth $13,644,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 45 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AMZN opened at $223.30 on Friday. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $202.26 and a 200 day moving average of $208.86. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now owns 517,050 shares of the company's stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,037 shares of company stock valued at $20,531,075. Company insiders own 9.70% of the company's stock.
AMZN has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. DA Davidson lowered their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Telsey Advisory Group restated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $245.81.
View Our Latest Report on AMZN
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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