Park Capital Management LLC WI Purchases Shares of 3,606 Amazon.com, Inc. (NASDAQ:AMZN)

Park Capital Management LLC WI acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,606 shares of the e-commerce giant’s stock, valued at approximately $791,000. Amazon.com accounts for about 0.9% of Park Capital Management LLC WI’s investment portfolio, making the stock its 21st biggest position.

Several other large investors also recently modified their holdings of AMZN. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. Bull Oak Capital LLC bought a new position in Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC increased its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the period. Finally, Values First Advisors Inc. bought a new position in Amazon.com during the third quarter worth about $56,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMZN shares. Jefferies Financial Group raised their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Benchmark raised their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Raymond James raised their price target on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Tigress Financial increased their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Trading Up 1.1 %

Shares of AMZN opened at $196.59 on Wednesday. The business’s 50-day moving average price is $223.12 and its 200-day moving average price is $207.25. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market cap of $2.08 trillion, a PE ratio of 35.55, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.