Parallel Advisors LLC Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Parallel Advisors LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 380,319 shares of the e-commerce giant's stock after selling 1,287 shares during the quarter. Amazon.com accounts for about 1.5% of Parallel Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Parallel Advisors LLC's holdings in Amazon.com were worth $72,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth about $27,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter valued at $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Finally, Compass Planning Associates Inc purchased a new position in shares of Amazon.com during the 4th quarter valued at $51,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.5%

NASDAQ AMZN traded down $1.14 during trading on Friday, hitting $212.10. The stock had a trading volume of 29,277,916 shares, compared to its average volume of 42,102,622. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a 50 day simple moving average of $194.64 and a 200 day simple moving average of $209.13. The stock has a market capitalization of $2.25 trillion, a price-to-earnings ratio of 38.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Stifel Nicolaus decreased their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. JMP Securities reissued a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Citizens Jmp dropped their price target on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now owns 517,050 shares of the company's stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of Amazon.com stock in a transaction on Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,037 shares of company stock worth $20,531,075. 9.70% of the stock is currently owned by insiders.

About Amazon.com

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.