Congress Park Capital LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Congress Park Capital LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,611 shares of the e-commerce giant's stock after selling 3,886 shares during the quarter. Amazon.com comprises approximately 4.2% of Congress Park Capital LLC's holdings, making the stock its 5th largest position. Congress Park Capital LLC's holdings in Amazon.com were worth $11,151,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com in the 4th quarter worth approximately $51,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer directly owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. Insiders own 9.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $246.41.

Amazon.com Trading Up 1.4%

Shares of AMZN stock opened at $222.54 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $2.36 trillion, a PE ratio of 36.24, a PEG ratio of 1.65 and a beta of 1.33. The stock has a fifty day simple moving average of $208.56 and a two-hundred day simple moving average of $208.68.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. Amazon.com's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.

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