Parkside Financial Bank & Trust Acquires 3,063 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Parkside Financial Bank & Trust lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,604 shares of the e-commerce giant’s stock after acquiring an additional 3,063 shares during the period. Amazon.com makes up 1.7% of Parkside Financial Bank & Trust’s portfolio, making the stock its 10th biggest position. Parkside Financial Bank & Trust’s holdings in Amazon.com were worth $13,077,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new position in Amazon.com in the 4th quarter worth $51,000. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 112 shares in the last quarter. Finally, Sycomore Asset Management increased its position in shares of Amazon.com by 100.0% during the fourth quarter. Sycomore Asset Management now owns 300 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Wolfe Research increased their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Raymond James raised their price objective on shares of Amazon.com from $260.00 to $275.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

NASDAQ AMZN opened at $192.72 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $216.86 and a 200 day simple moving average of $209.25. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market cap of $2.04 trillion, a P/E ratio of 34.85, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 in the last ninety days. Company insiders own 10.80% of the company’s stock.

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.