Parkside Investments LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Parkside Investments LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,211 shares of the e-commerce giant’s stock after selling 3,265 shares during the quarter. Amazon.com makes up 2.0% of Parkside Investments LLC’s investment portfolio, making the stock its 11th largest position. Parkside Investments LLC’s holdings in Amazon.com were worth $12,845,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Waters Parkerson & CO. LLC increased its position in shares of Amazon.com by 12.4% during the third quarter. Waters Parkerson & CO. LLC now owns 15,292 shares of the e-commerce giant’s stock valued at $1,944,000 after buying an additional 1,684 shares during the period. Arjuna Capital increased its position in shares of Amazon.com by 0.8% during the third quarter. Arjuna Capital now owns 43,045 shares of the e-commerce giant’s stock valued at $5,472,000 after buying an additional 325 shares during the period. Valley Wealth Managers Inc. increased its position in shares of Amazon.com by 0.7% during the third quarter. Valley Wealth Managers Inc. now owns 12,695 shares of the e-commerce giant’s stock valued at $1,614,000 after buying an additional 87 shares during the period. Cyrus J. Lawrence LLC increased its position in shares of Amazon.com by 0.7% during the third quarter. Cyrus J. Lawrence LLC now owns 98,209 shares of the e-commerce giant’s stock valued at $12,484,000 after buying an additional 643 shares during the period. Finally, EMC Capital Management boosted its stake in Amazon.com by 3,966.5% during the third quarter. EMC Capital Management now owns 85,600 shares of the e-commerce giant’s stock worth $11,060,000 after acquiring an additional 83,495 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMZN shares. Raymond James boosted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, May 1st. Piper Sandler upped their target price on shares of Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. The Goldman Sachs Group upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Finally, Telsey Advisory Group upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the stock 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average price target of $215.86.

Amazon.com Trading Down 2.3 %

AMZN stock opened at $193.25 on Friday. The company has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $199.84. The firm’s 50-day moving average is $183.87 and its 200 day moving average is $172.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS 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 the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the transaction, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares in the company, valued at approximately $19,836,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. Company 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.