Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Parisi Gray Wealth Management

Parisi Gray Wealth Management grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,023 shares of the e-commerce giant's stock after purchasing an additional 2,572 shares during the period. Amazon.com comprises about 1.4% of Parisi Gray Wealth Management's holdings, making the stock its 20th largest holding. Parisi Gray Wealth Management's holdings in Amazon.com were worth $4,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after acquiring an additional 17,635,391 shares during the last quarter. FMR LLC increased its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after buying an additional 1,725,664 shares during the period. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 2.1%

Shares of Amazon.com stock traded up $4.30 during trading on Tuesday, reaching $212.77. The company's stock had a trading volume of 38,326,092 shares, compared to its average volume of 42,091,918. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 1.57 and a beta of 1.33. The company has a 50-day simple moving average of $199.60 and a two-hundred day simple moving average of $209.07. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm posted $0.98 EPS. Amazon.com's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 20,923 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Truist Financial cut their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Morgan Stanley decreased their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Moffett Nathanson raised their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Tigress Financial upped their price objective on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $245.64.

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.