Parthenon LLC Has $367,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Parthenon LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,970 shares of the e-commerce giant’s stock after purchasing an additional 580 shares during the period. Parthenon LLC’s holdings in Amazon.com were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of AMZN. Cornerstone Wealth Advisors Inc. increased its holdings in Amazon.com by 14.7% during the second quarter. Cornerstone Wealth Advisors Inc. now owns 1,534 shares of the e-commerce giant’s stock worth $296,000 after buying an additional 197 shares during the last quarter. Sitrin Capital Management LLC increased its position in shares of Amazon.com by 0.4% during the 2nd quarter. Sitrin Capital Management LLC now owns 34,128 shares of the e-commerce giant’s stock valued at $6,595,000 after purchasing an additional 134 shares during the last quarter. Muirfield Wealth Advisors LLC grew its stake in shares of Amazon.com by 8.4% during the second quarter. Muirfield Wealth Advisors LLC now owns 3,829 shares of the e-commerce giant’s stock valued at $740,000 after buying an additional 297 shares during the last quarter. Inspirion Wealth Advisors LLC raised its holdings in Amazon.com by 0.8% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 10,306 shares of the e-commerce giant’s stock valued at $1,992,000 after buying an additional 82 shares during the last quarter. Finally, Capital CS Group LLC grew its stake in shares of Amazon.com by 106.6% in the second quarter. Capital CS Group LLC now owns 3,890 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 62,862 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated 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 owns 24,912 shares of the company’s stock, valued at $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 sold 6,032,344 shares of company stock worth $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Pivotal Research started coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Royal Bank of Canada raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wedbush raised their price objective on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Mkm increased their target price on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Amazon.com Price Performance

NASDAQ AMZN opened at $225.06 on Tuesday. The company’s 50 day moving average is $205.83 and its two-hundred day moving average is $191.46. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 48.19, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.