Parsons Capital Management Inc. RI Decreases Holdings in Amazon.com, Inc. $AMZN

Key Points

• Parsons Capital Management Inc. RI reduced its holdings in Amazon.com by 21.3%, selling 60,621 shares during the 2nd quarter, leaving them with 224,487 shares worth approximately $49.25 million.
• Overall, 72.20% of Amazon's stock is owned by institutional investors, with several firms like Ridgecrest Wealth Partners and Cobblestone Asset Management making slight increases in their positions.
• Brokerage ratings for Amazon are predominantly positive, with a consensus target price of $266.26 and three analysts rating it as a Strong Buy.

Parsons Capital Management Inc. RI cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,487 shares of the e-commerce giant's stock after selling 60,621 shares during the quarter. Amazon.com makes up about 3.0% of Parsons Capital Management Inc. RI's investment portfolio, making the stock its 5th largest position. Parsons Capital Management Inc. RI's holdings in Amazon.com were worth $49,250,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC raised its position in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock worth $1,843,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc raised its position in shares of Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant's stock worth $177,000 after acquiring an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC raised its position in shares of Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant's stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC raised its position in shares of Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant's stock worth $367,000 after acquiring an additional 50 shares in the last quarter. Finally, Seek First Inc. raised its position in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant's stock worth $2,009,000 after acquiring an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMZN. Westpark Capital reissued a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Moffett Nathanson raised their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Oppenheimer reduced their price objective on Amazon.com from $250.00 to $245.00 and set an "outperform" rating for the company in a research report on Friday, August 1st. Finally, Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Down 0.7%

Amazon.com stock opened at $213.04 on Friday. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.42 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $225.66 and a two-hundred day simple moving average of $212.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $227.77, for a total value of $973,315,191.49. Following the completion of the transaction, the insider owned 890,273,469 shares in the company, valued at approximately $202,777,588,034.13. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. Company insiders own 9.70% of the company's stock.

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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