Parcion Private Wealth LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Parcion Private Wealth LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,013 shares of the e-commerce giant's stock after purchasing an additional 2,476 shares during the period. Amazon.com accounts for about 1.0% of Parcion Private Wealth LLC's investment portfolio, making the stock its 23rd biggest holding. Parcion Private Wealth LLC's holdings in Amazon.com were worth $12,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMZN. Northern Capital Management Inc. boosted its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after acquiring an additional 45 shares during the period. ETF Store Inc. boosted its stake in Amazon.com by 2.1% in the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after acquiring an additional 48 shares during the period. Talisman Wealth Advisors LLC boosted its stake in Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant's stock valued at $1,020,000 after acquiring an additional 53 shares during the period. SWAN Capital LLC boosted its stake in Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant's stock valued at $396,000 after acquiring an additional 55 shares during the period. Finally, Lokken Investment Group LLC boosted its stake in Amazon.com by 1.5% in the fourth quarter. Lokken Investment Group LLC now owns 3,866 shares of the e-commerce giant's stock valued at $848,000 after acquiring an additional 56 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.4%

Shares of NASDAQ:AMZN opened at $224.66 on Thursday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company's fifty day simple moving average is $220.60 and its 200 day simple moving average is $208.72. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.25, a PEG ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. The firm's quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,096,253 shares of company stock worth $5,673,745,409. 9.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JMP Securities restated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a report on Monday, April 21st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $262.45.

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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