Parisi Gray Wealth Management raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 874 shares of the e-commerce giant’s stock after buying an additional 45 shares during the quarter. Amazon.com comprises 1.0% of Parisi Gray Wealth Management’s investment portfolio, making the stock its 23rd largest position. Parisi Gray Wealth Management’s holdings in Amazon.com were worth $1,517,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Gulf International Bank UK Ltd lifted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Gulf International Bank UK Ltd now owns 98,957 shares of the e-commerce giant’s stock valued at $187,387,000 after purchasing an additional 480 shares during the period. Weiss Asset Management LP purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $214,000. Gladstone Institutional Advisory LLC lifted its stake in shares of Amazon.com by 12.0% in the 2nd quarter. Gladstone Institutional Advisory LLC now owns 1,742 shares of the e-commerce giant’s stock valued at $3,299,000 after purchasing an additional 186 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of Amazon.com by 50.0% in the 2nd quarter. Cornerstone Advisory LLC now owns 1,374 shares of the e-commerce giant’s stock valued at $2,602,000 after purchasing an additional 458 shares during the period. Finally, RB Capital Management LLC lifted its stake in shares of Amazon.com by 8.5% in the 2nd quarter. RB Capital Management LLC now owns 1,339 shares of the e-commerce giant’s stock valued at $2,536,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 55.71% of the company’s stock.
In other news, Director Indra K. Nooyi acquired 100 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was bought at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the completion of the acquisition, the director now directly owns 250 shares of the company’s stock, valued at approximately $431,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 3,475 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total value of $6,164,615.25. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $17,739,900. The disclosure for this sale can be found here. Insiders sold 22,443 shares of company stock valued at $40,205,835 in the last ninety days. 16.10% of the stock is currently owned by corporate insiders.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The firm had revenue of $63.40 billion during the quarter, compared to the consensus estimate of $62.59 billion. During the same period in the previous year, the firm earned $5.07 EPS. The business’s revenue was up 19.9% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 24.01 EPS for the current fiscal year.
AMZN has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research note on Friday, July 26th. Jefferies Financial Group restated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a research note on Tuesday, September 17th. Wells Fargo & Co raised their target price on Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Monday, July 29th. Finally, Raymond James set a $2,080.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and forty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $2,256.29.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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