Amazon.com, Inc. (NASDAQ:AMZN) is Parsons Capital Management Inc. RI’s 5th Largest Position

Parsons Capital Management Inc. RI increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,451 shares of the e-commerce giant’s stock after acquiring an additional 55,186 shares during the quarter. Amazon.com comprises approximately 3.4% of Parsons Capital Management Inc. RI’s portfolio, making the stock its 5th biggest position. Parsons Capital Management Inc. RI’s holdings in Amazon.com were worth $63,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Fiera Capital Corp lifted its position in Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the period. Beck Bode LLC purchased a new position in Amazon.com during the 2nd quarter valued at about $651,000. Capco Asset Management LLC lifted its position in Amazon.com by 1.7% during the 2nd quarter. Capco Asset Management LLC now owns 147,495 shares of the e-commerce giant’s stock valued at $28,503,000 after acquiring an additional 2,526 shares during the period. MRP Capital Investments LLC lifted its position in Amazon.com by 4.2% during the 2nd quarter. MRP Capital Investments LLC now owns 9,130 shares of the e-commerce giant’s stock valued at $1,764,000 after acquiring an additional 365 shares during the period. Finally, WCG Wealth Advisors LLC lifted its position in Amazon.com by 7.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 123,523 shares of the e-commerce giant’s stock valued at $23,871,000 after acquiring an additional 8,429 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $228.68 on Monday. The firm has a market cap of $2.42 trillion, a P/E ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a 50 day simple moving average of $228.21 and a two-hundred day simple moving average of $202.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,848 shares of company stock valued at $11,368,639. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. Barclays lifted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Tigress Financial lifted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Jefferies Financial Group lifted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Company 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.