23,000 Shares in Amazon.com, Inc. $AMZN Acquired by Parametrica Management Ltd

Parametrica Management Ltd bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,000 shares of the e-commerce giant's stock, valued at approximately $5,730,000. Amazon.com accounts for 4.0% of Parametrica Management Ltd's holdings, making the stock its 8th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Financial Group LLC lifted its holdings in shares of Amazon.com by 22.1% during the 3rd quarter. Victory Financial Group LLC now owns 35,849 shares of the e-commerce giant's stock valued at $8,932,000 after purchasing an additional 6,483 shares during the last quarter. Guerra Pan Advisors LLC boosted its position in shares of Amazon.com by 4.4% in the 3rd quarter. Guerra Pan Advisors LLC now owns 10,050 shares of the e-commerce giant's stock worth $2,638,000 after purchasing an additional 420 shares in the last quarter. Great Lakes Retirement Inc. grew its stake in Amazon.com by 1.7% during the 3rd quarter. Great Lakes Retirement Inc. now owns 119,022 shares of the e-commerce giant's stock worth $29,654,000 after buying an additional 2,038 shares during the last quarter. M & L Capital Management Ltd purchased a new position in Amazon.com during the 3rd quarter worth $28,208,000. Finally, Generali Asset Management SPA SGR increased its position in Amazon.com by 13.9% during the 3rd quarter. Generali Asset Management SPA SGR now owns 391,751 shares of the e-commerce giant's stock valued at $97,605,000 after buying an additional 47,691 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Citigroup restated a "market outperform" rating on shares of Amazon.com in a research note on Friday, October 30th. Morgan Stanley decreased their price objective on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Piper Sandler reiterated an "overweight" rating on shares of Amazon.com in a research note on Friday, October 30th. The Goldman Sachs Group reissued a "conviction-buy" rating and set a $370.00 target price on shares of Amazon.com in a research report on Friday, October 30th. Finally, Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Key Amazon.com News

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon’s planned World Product Graph would catalog products available across the internet, including items Amazon doesn’t stock. If it makes Amazon a starting point for more shopping searches, it could strengthen product discovery and attract advertising revenue. Reuters article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article

Amazon.com Stock Performance

NASDAQ AMZN traded down $0.78 during trading hours on Friday, reaching $266.66. The stock had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a fifty day moving average of $254.82 and a 200 day moving average of $244.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market cap of $2.88 trillion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,589 shares of company stock worth $18,545,595. Company insiders own 8.90% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.