Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,586 shares of the e-commerce giant’s stock after acquiring an additional 986 shares during the quarter. Amazon.com comprises about 2.6% of Parsons Capital Management Inc. RI’s holdings, making the stock its 5th largest position. Parsons Capital Management Inc. RI’s holdings in Amazon.com were worth $28,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Bellecapital International Ltd. increased its position in Amazon.com by 1,993.8% during the 2nd quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after purchasing an additional 67,270 shares in the last quarter. Bouchey Financial Group Ltd increased its position in Amazon.com by 2,027.5% during the 2nd quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after purchasing an additional 152,790 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Amazon.com by 1.0% during the 3rd quarter. Gulf International Bank UK Ltd now owns 1,526,940 shares of the e-commerce giant’s stock worth $172,544,000 after purchasing an additional 15,640 shares in the last quarter. Ervin Investment Management LLC increased its position in Amazon.com by 1,900.0% during the 2nd quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Csenge Advisory Group increased its position in Amazon.com by 2,077.0% during the 2nd quarter. Csenge Advisory Group now owns 68,119 shares of the e-commerce giant’s stock worth $7,235,000 after purchasing an additional 64,990 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares in the company, valued at approximately $53,844,078.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 7,456 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the transaction, the chief executive officer now owns 533,435 shares of the company’s stock, valued at approximately $50,142,890. The disclosure for this sale can be found here. Insiders sold 52,428 shares of company stock worth $5,077,578 in the last quarter. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on AMZN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Amazon.com from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Rosenblatt Securities lowered their price objective on shares of Amazon.com from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Monday, November 14th. Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective for the company. Mizuho lowered their price objective on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, Royal Bank of Canada lowered their price objective on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

Amazon.com Price Performance

NASDAQ:AMZN opened at $93.68 on Friday. The business’s 50-day moving average price is $90.79 and its 200 day moving average price is $110.37. The firm has a market cap of $955.69 billion, a P/E ratio of 85.98, a PEG ratio of 3.09 and a beta of 1.22. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. Amazon.com’s revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.