Parkside Financial Bank & Trust Buys 5,724 Shares of Amazon.com, Inc. $AMZN

Parkside Financial Bank & Trust grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% in the 2nd quarter, Holdings Channel reports. The firm owned 67,164 shares of the e-commerce giant’s stock after acquiring an additional 5,724 shares during the quarter. Amazon.com accounts for about 1.6% of Parkside Financial Bank & Trust’s portfolio, making the stock its 14th largest holding. Parkside Financial Bank & Trust’s holdings in Amazon.com were worth $14,735,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AMZN. Barlow Wealth Partners Inc. boosted its position in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after purchasing an additional 45 shares in the last quarter. Probity Advisors Inc. grew its stake in Amazon.com by 0.4% during the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc grew its stake in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 48 shares during the period. Finally, Heritage Oak Wealth Advisors LLC increased its holdings in Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of Amazon.com in a research report on Monday, November 24th. They set an “outperform” rating for the company. Telsey Advisory Group raised their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. CIBC upped their price objective on shares of Amazon.com to $315.00 in a report on Monday, October 20th. HSBC increased their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $296.11.

Amazon.com Price Performance

AMZN stock opened at $229.11 on Friday. The company has a market capitalization of $2.45 trillion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The business has a 50-day simple moving average of $228.38 and a two-hundred day simple moving average of $223.65.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,234 shares of company stock worth $19,076,767. 9.70% of the stock is currently owned by insiders.

Amazon.com 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.