Parisi Gray Wealth Management Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

Parisi Gray Wealth Management lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 956 shares of the e-commerce giant’s stock after purchasing an additional 31 shares during the period. Amazon.com accounts for 1.5% of Parisi Gray Wealth Management’s investment portfolio, making the stock its 12th biggest holding. Parisi Gray Wealth Management’s holdings in Amazon.com were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Woodstock Corp raised its holdings in Amazon.com by 10.6% during the 1st quarter. Woodstock Corp now owns 178 shares of the e-commerce giant’s stock valued at $347,000 after acquiring an additional 17 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of Amazon.com by 355.6% in the first quarter. Global Trust Asset Management LLC now owns 1,886 shares of the e-commerce giant’s stock worth $3,704,000 after acquiring an additional 1,472 shares during the period. Foundations Investment Advisors LLC grew its position in shares of Amazon.com by 11.1% in the first quarter. Foundations Investment Advisors LLC now owns 490 shares of the e-commerce giant’s stock valued at $935,000 after purchasing an additional 49 shares in the last quarter. Chemung Canal Trust Co. raised its stake in shares of Amazon.com by 52.9% during the 1st quarter. Chemung Canal Trust Co. now owns 3,031 shares of the e-commerce giant’s stock valued at $5,909,000 after purchasing an additional 1,049 shares during the period. Finally, RDA Financial Network lifted its holdings in Amazon.com by 4.7% during the 1st quarter. RDA Financial Network now owns 877 shares of the e-commerce giant’s stock worth $1,710,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 64.54% of the company’s stock.

In other news, Director Indra K. Nooyi acquired 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of $2,806.80 per share, with a total value of $75,783.60. Following the transaction, the director now owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at $210,091,432.50. The disclosure for this sale can be found here. Corporate insiders own 16.10% of the company’s stock.

A number of analysts recently issued reports on AMZN shares. SVB Leerink started coverage on Amazon.com in a report on Friday, July 24th. They set a “hold” rating on the stock. Wolfe Research cut Amazon.com to a “sell” rating and set a $1,987.00 price objective on the stock. in a report on Monday, April 27th. Edward Jones reissued a “buy” rating on shares of Amazon.com in a report on Friday. Jefferies Financial Group increased their price objective on Amazon.com from $3,100.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, China International Capital increased their price objective on Amazon.com from $1,850.00 to $2,162.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $3,240.51.

Amazon.com stock opened at $3,164.68 on Friday. Amazon.com, Inc. has a 12 month low of $1,626.03 and a 12 month high of $3,344.29. The company has a market capitalization of $1,578.47 billion, a price-to-earnings ratio of 121.67, a price-to-earnings-growth ratio of 5.83 and a beta of 1.32. The business’s fifty day simple moving average is $2,884.55 and its two-hundred day simple moving average is $2,314.52. The company has a current ratio of 1.08, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $8.56. Amazon.com had a return on equity of 21.51% and a net margin of 4.10%. The firm had revenue of $88.91 billion during the quarter, compared to analyst estimates of $81.56 billion. On average, equities research analysts predict that Amazon.com, Inc. will post 20.12 EPS for the current year.

Amazon.com Company Profile

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

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