Park Edge Advisors LLC Has $2.21 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Park Edge Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,410 shares of the e-commerce giant’s stock after buying an additional 640 shares during the quarter. Amazon.com makes up 0.7% of Park Edge Advisors LLC’s holdings, making the stock its 23rd biggest holding. Park Edge Advisors LLC’s holdings in Amazon.com were worth $2,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC boosted its position in Amazon.com by 5.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 45,457 shares of the e-commerce giant’s stock valued at $8,785,000 after buying an additional 2,332 shares in the last quarter. Instrumental Wealth LLC lifted its stake in shares of Amazon.com by 1.3% in the 2nd quarter. Instrumental Wealth LLC now owns 5,042 shares of the e-commerce giant’s stock valued at $907,000 after acquiring an additional 64 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Amazon.com by 7.0% during the 2nd quarter. Atomi Financial Group Inc. now owns 72,941 shares of the e-commerce giant’s stock valued at $14,096,000 after acquiring an additional 4,749 shares in the last quarter. ARK Investment Management LLC grew its position in Amazon.com by 108.0% during the 2nd quarter. ARK Investment Management LLC now owns 99,200 shares of the e-commerce giant’s stock worth $19,170,000 after acquiring an additional 51,515 shares during the last quarter. Finally, Granite Harbor Advisors Inc. increased its holdings in Amazon.com by 1.3% in the 2nd quarter. Granite Harbor Advisors Inc. now owns 21,342 shares of the e-commerce giant’s stock worth $4,124,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jeffrey P. Bezos sold 3,085,116 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.07, for a total transaction of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at $186,450,290,169.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold 6,104,317 shares of company stock worth $1,220,621,322 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 1.8 %

Amazon.com stock opened at $189.87 on Friday. The firm has a market capitalization of $1.98 trillion, a price-to-earnings ratio of 53.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The firm’s fifty day moving average price is $178.60 and its two-hundred day moving average price is $181.88. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, equities research analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird lifted their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Itau BBA Securities downgraded shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target for the company. in a research note on Friday, August 2nd. Roth Mkm lifted their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $222.49.

Amazon.com Company 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.