Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Parker Investment Management LLC

Parker Investment Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,861 shares of the e-commerce giant’s stock after selling 390 shares during the quarter. Amazon.com makes up 0.1% of Parker Investment Management LLC’s portfolio, making the stock its 20th biggest position. Parker Investment Management LLC’s holdings in Amazon.com were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Innealta Capital LLC acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $77,000. Center For Asset Management LLC increased its stake in Amazon.com by 12.5% during the second quarter. Center For Asset Management LLC now owns 12,289 shares of the e-commerce giant’s stock valued at $2,375,000 after purchasing an additional 1,370 shares during the last quarter. F M Investments LLC raised its holdings in shares of Amazon.com by 806.8% during the second quarter. F M Investments LLC now owns 434,917 shares of the e-commerce giant’s stock worth $84,064,000 after purchasing an additional 386,953 shares during the period. American Capital Advisory LLC boosted its holdings in shares of Amazon.com by 7.8% in the 2nd quarter. American Capital Advisory LLC now owns 7,517 shares of the e-commerce giant’s stock valued at $1,453,000 after buying an additional 543 shares during the period. Finally, Cortland Associates Inc. MO grew its position in shares of Amazon.com by 0.5% during the 2nd quarter. Cortland Associates Inc. MO now owns 242,563 shares of the e-commerce giant’s stock valued at $46,875,000 after buying an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Stifel Nicolaus reduced their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Wolfe Research started coverage on Amazon.com in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $222.84.

Amazon.com Trading Up 0.9 %

Shares of NASDAQ:AMZN opened at $191.60 on Monday. The firm has a fifty day moving average of $178.54 and a two-hundred day moving average of $182.10. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The firm has a market capitalization of $1.99 trillion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

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

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 in the last three months. 10.80% of the stock is owned by insiders.

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.