23,000 Shares in Amazon.com, Inc. $AMZN Acquired by Parametrica Management Ltd

Parametrica Management Ltd acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, Holdings Channel reports. The institutional investor acquired 23,000 shares of the e-commerce giant’s stock, valued at approximately $5,730,000. Amazon.com accounts for 4.0% of Parametrica Management Ltd’s portfolio, making the stock its 8th largest holding.

Other institutional investors have also recently made changes to their positions in the company. TOP Private Wealth LLC. acquired a new stake in Amazon.com during the second quarter valued at $29,000. Bard Associates Inc. acquired a new position in shares of Amazon.com in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Amazon.com in the second quarter worth about $33,000. Atomic Invest LLC raised its position in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after acquiring an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Recent Amazon.com Headlines

These are some of the AMZN headlines that stood out recently:

• Positive Sentiment: Amazon’s planned World Product Graph would catalog products available across the internet, including items Amazon doesn’t stock. If it makes Amazon a starting point for more shopping searches, it could strengthen product discovery and attract advertising revenue. Reuters article
• Neutral Sentiment: A planned launch of 40 Amazon Leo satellites could advance its satellite-internet service, although the launch itself does not establish the service’s eventual commercial returns. TipRanks article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article

Amazon.com Price Performance

NASDAQ AMZN traded down $0.78 during trading hours on Friday, hitting $266.66. 31,035,709 shares of the company’s stock traded hands, compared to its average volume of 50,501,436. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a market capitalization of $2.88 trillion, a PE ratio of 21.56, a PEG ratio of 2.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The firm’s 50-day moving average is $254.82 and its 200-day moving average is $244.32.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.95 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research report on Friday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Monness Crespi & Hardt boosted their price objective on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Benchmark upped their target price on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Roth Capital reiterated a “buy” rating and set a $325.00 target price on shares of Amazon.com in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Transactions at Amazon.com

In related news, CEO Douglas Herrington sold 1,000 shares of Amazon.com stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction of $243,470.00. Following the transaction, the chief executive officer owned 473,681 shares in the company, valued at approximately $115,327,113.07. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by company insiders.

Amazon.com Company Profile

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.