Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 62,497 shares of the e-commerce giant’s stock after selling 1,051 shares during the period. Amazon.com accounts for approximately 5.0% of Congress Park Capital LLC’s holdings, making the stock its 3rd largest position. Congress Park Capital LLC’s holdings in Amazon.com were worth $13,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. Hoese & Co LLP bought a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $45,000. Values First Advisors Inc. bought a new stake in shares of Amazon.com during the 3rd quarter valued at approximately $56,000. IFS Advisors LLC increased its position in Amazon.com by 1,625.0% during the 4th quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC bought a new position in Amazon.com in the 4th quarter valued at approximately $88,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.5 %

Shares of Amazon.com stock opened at $237.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.49 trillion, a P/E ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $241.77. The stock’s 50-day simple moving average is $221.62 and its 200 day simple moving average is $198.03.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the firm earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein raised their target price on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities increased their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.46.

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.