Parkside Investments LLC Boosts Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Parkside Investments LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,713 shares of the e-commerce giant's stock after acquiring an additional 9,000 shares during the period. Amazon.com accounts for about 2.0% of Parkside Investments LLC's holdings, making the stock its 12th biggest position. Parkside Investments LLC's holdings in Amazon.com were worth $13,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC raised its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. boosted its position in shares of 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. White Wing Wealth Management grew its stake in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after acquiring an additional 47 shares in the last quarter. Finally, Balanced Wealth Group LLC increased its holdings in Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 2.8%

Amazon.com stock traded up $6.18 on Friday, hitting $223.30. 119,087,933 shares of the stock traded hands, compared to its average volume of 42,021,779. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The business's fifty day simple moving average is $202.26 and its 200 day simple moving average is $208.86.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on AMZN shares. Citizens Jmp cut their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday. Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Wedbush reiterated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.81.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 in the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

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.