Pariax LLC Purchases 377 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Pariax LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,878 shares of the e-commerce giant’s stock after purchasing an additional 377 shares during the quarter. Amazon.com comprises about 4.8% of Pariax LLC’s investment portfolio, making the stock its 10th largest position. Pariax LLC’s holdings in Amazon.com were worth $4,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Fiduciary Planning LLC raised its stake in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC raised its stake in Amazon.com by 0.8% during the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in Amazon.com by 3.4% during the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its stake in Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners raised its stake in Amazon.com by 3.7% during the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $97.25 on Monday. The company’s 50 day moving average is $90.72 and its 200-day moving average is $110.23. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month 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. The firm has a market cap of $992.11 billion, a P/E ratio of 89.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22.

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

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP David Zapolsky sold 8,380 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $787,720.00. Following the sale, the senior vice president now owns 76,980 shares of the company’s stock, valued at approximately $7,236,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMZN shares. New Street Research started coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They set a “buy” rating and a $130.00 target price for the company. Cowen lowered their target price on shares of Amazon.com from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. StockNews.com began coverage on shares of Amazon.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wolfe Research reduced their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Atlantic Securities reduced their price target on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.87.

About Amazon.com

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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.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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