Amazon.com, Inc. (NASDAQ:AMZN) is Congress Park Capital LLC’s Largest Position

Congress Park Capital LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 65,084 shares of the e-commerce giant’s stock after selling 793 shares during the period. Amazon.com accounts for about 5.2% of Congress Park Capital LLC’s portfolio, making the stock its largest position. Congress Park Capital LLC’s holdings in Amazon.com were worth $11,740,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Collective Family Office LLC lifted its position in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares during the last quarter. Members Trust Co lifted its position in Amazon.com by 8.9% during the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock valued at $638,000 after acquiring an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC boosted its stake in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock valued at $799,000 after acquiring an additional 675 shares in the last quarter. Tompkins Financial Corp grew its holdings in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. increased its position in shares of Amazon.com by 3.9% during the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,548 shares of company stock worth $12,180,239. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on AMZN shares. Citigroup boosted their target price on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wells Fargo & Company upped their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Evercore ISI lifted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Mizuho upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $225.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $215.86.

Amazon.com Price Performance

AMZN stock opened at $200.00 on Wednesday. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $200.43. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50-day moving average is $184.27 and its two-hundred day moving average is $173.63.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Amazon.com Company 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.