Parallel Advisors LLC Has $85.30 Million Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Parallel Advisors increased its Amazon position by 2.2% to 409,554 shares worth approximately $85.3 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $322.56 price target; recent targets range from $250 to $345.
• Amazon reported quarterly earnings of $5.75 per share and revenue of $200.61 billion, exceeding estimates, while insiders sold $16.5 million worth of shares over the past 90 days.

Parallel Advisors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 409,554 shares of the e-commerce giant's stock after buying an additional 8,783 shares during the quarter. Amazon.com makes up approximately 1.5% of Parallel Advisors LLC's holdings, making the stock its 10th largest holding. Parallel Advisors LLC's holdings in Amazon.com were worth $85,298,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AMZN. NewEdge Advisors LLC boosted its stake in shares of Amazon.com by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 2,102,077 shares of the e-commerce giant's stock valued at $437,800,000 after purchasing an additional 51,522 shares during the last quarter. Blue Edge Capital LLC grew its position in shares of Amazon.com by 2.5% during the 1st quarter. Blue Edge Capital LLC now owns 53,121 shares of the e-commerce giant's stock worth $11,064,000 after buying an additional 1,297 shares during the period. First Nebraska Trust Co bought a new stake in shares of Amazon.com during the first quarter worth approximately $9,983,000. Foguth Wealth Management LLC. raised its stake in shares of Amazon.com by 36.5% during the first quarter. Foguth Wealth Management LLC. now owns 7,967 shares of the e-commerce giant's stock worth $1,659,000 after buying an additional 2,132 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Amazon.com in the first quarter valued at approximately $1,867,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of Amazon.com in a research note on Friday, July 31st. DA Davidson restated a "neutral" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Finally, BNP Paribas Exane lifted their price objective on Amazon.com from $320.00 to $345.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.56.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,650 shares of company stock worth $16,535,457 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.9%

Shares of NASDAQ:AMZN opened at $262.65 on Friday. The company has a 50 day moving average price of $247.91 and a two-hundred day moving average price of $238.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market capitalization of $2.83 trillion, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Institutional buying supports sentiment. Thrive Capital disclosed a roughly $215 million Amazon position, while Baupost Group added 625,100 shares and Dodge & Cox increased its holding by approximately 1.6 million shares. Thrive Capital discloses Amazon stake
• Positive Sentiment: AWS remains the central bullish catalyst. Commentary points to accelerating AWS growth for five consecutive quarters, a substantial backlog and customer demand extending into 2028. Amazon Web Services also became AppFolio’s preferred cloud provider, adding evidence of enterprise demand. AppFolio selects AWS
• Positive Sentiment: New growth opportunities are expanding. Amazon won a Space Force communications contract, while its AI infrastructure spending is helping drive demand for data-center and semiconductor suppliers. Analysts cited in recent coverage remain bullish on both Amazon and Alphabet. Amazon wins Space Force contract
• Neutral Sentiment: Valuation remains a debate. Amazon is viewed favorably versus some large-cap peers, but coverage notes that its forward earnings multiple is higher than its trailing multiple. That may reflect expected earnings growth, though it leaves less room for execution disappointments.
• Negative Sentiment: Retail data raised demand concerns. U.S. retail sales fell in July, with online spending declining after Amazon’s summer sales event. Higher fuel and operating costs may also pressure big-box retailers and consumer purchasing power. July retail sales decline
• Negative Sentiment: AI investment brings financial and execution risk. Amazon and other hyperscalers are issuing significant debt to fund infrastructure expansion, increasing concerns about returns on spending and potential pressure on future profits. Amazon’s lack of a dividend may also limit appeal for income-focused investors.
• Negative Sentiment: Twitch backlash adds reputational risk. Twitch’s decision to use livestream content for Amazon AI training, with the feature reportedly enabled automatically, has angered creators and could create privacy, regulatory and user-retention concerns. Twitch AI data-sharing backlash

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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