Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Parkside Investments LLC

Parkside Investments LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,710 shares of the e-commerce giant’s stock after purchasing an additional 180 shares during the period. Amazon.com accounts for about 2.0% of Parkside Investments LLC’s portfolio, making the stock its 13th largest holding. Parkside Investments LLC’s holdings in Amazon.com were worth $8,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Inspirion Wealth Advisors LLC grew its position in Amazon.com by 0.8% in the third quarter. Inspirion Wealth Advisors LLC now owns 399 shares of the e-commerce giant’s stock worth $1,256,000 after buying an additional 3 shares during the last quarter. Old Port Advisors grew its position in Amazon.com by 0.8% in the third quarter. Old Port Advisors now owns 486 shares of the e-commerce giant’s stock worth $1,530,000 after buying an additional 4 shares during the last quarter. New Capital Management LP grew its position in Amazon.com by 1.2% in the third quarter. New Capital Management LP now owns 348 shares of the e-commerce giant’s stock worth $1,096,000 after buying an additional 4 shares during the last quarter. RDA Financial Network grew its position in Amazon.com by 0.4% in the third quarter. RDA Financial Network now owns 900 shares of the e-commerce giant’s stock worth $2,834,000 after buying an additional 4 shares during the last quarter. Finally, Cascade Investment Advisors Inc. grew its position in Amazon.com by 0.7% in the third quarter. Cascade Investment Advisors Inc. now owns 580 shares of the e-commerce giant’s stock worth $1,826,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 56.39% of the company’s stock.

In other Amazon.com news, Director Jonathan Rubinstein sold 314 shares of the company’s stock in a transaction that occurred on Tuesday, January 5th. The stock was sold at an average price of $3,166.01, for a total value of $994,127.14. Following the completion of the transaction, the director now owns 6,758 shares of the company’s stock, valued at approximately $21,395,895.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $3,061.74, for a total value of $21,263,784.30. Following the completion of the transaction, the chief executive officer now directly owns 82,599 shares of the company’s stock, valued at approximately $252,896,662.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,927 shares of company stock valued at $46,256,596. Insiders own 16.10% of the company’s stock.

NASDAQ AMZN opened at $3,165.89 on Thursday. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. The stock has a market capitalization of $1.59 trillion, a PE ratio of 92.71, a P/E/G ratio of 2.43 and a beta of 1.19. The stock has a 50-day simple moving average of $3,186.56 and a 200 day simple moving average of $3,160.85.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, November 3rd. The e-commerce giant reported $12.37 EPS for the quarter, beating the consensus estimate of $7.41 by $4.96. The firm had revenue of $96.15 billion during the quarter, compared to analysts’ expectations of $92.56 billion. Amazon.com had a return on equity of 24.49% and a net margin of 4.99%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.23 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 34.56 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. BidaskClub lowered shares of Amazon.com from a “hold” rating to a “sell” rating in a research report on Saturday, December 12th. China Renaissance Securities upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $3,360.00 to $4,000.00 in a research report on Wednesday, November 4th. Pivotal Research increased their target price on Amazon.com from $3,925.00 to $4,500.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 12th. Finally, Barclays lifted their price target on Amazon.com from $3,530.00 to $3,660.00 and gave the company an “overweight” rating in a report on Friday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $3,645.47.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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