Amazon.com, Inc. (NASDAQ:AMZN) is the largest holding of Congress Park Capital LLC

Congress Park Capital LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.2% in the first quarter, according to its latest SEC filing. The company owned 65,084 shares of the e-commerce giant after selling 793 shares during the period. Amazon.com makes up about 5.2% of Congress Park Capital LLC’s portfolio, making the stock its largest holding. Congress Park Capital LLC’s stake in Amazon.com was worth $11,740,000, according to its latest SEC filing.

Other major investors also changed their holdings in the company. Collective Family Office LLC increased its position in Amazon.com shares by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares in the last quarter. Members Trust Co increased its position in Amazon.com by 8.9% in the fourth quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares in the last quarter. Cherrydale Wealth Management LLC increased 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 worth $799,000 after purchasing an additional 675 shares in the last quarter. Tompkins Financial Corp. increased 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% in 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 during the last quarter. Institutional investors own 72.20% of the company’s stock.

Internal activity

In other news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction on Tuesday, May 21. 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 VP now owns 119,780 shares of the company’s stock, 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 company’s stock in a transaction on Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the VP now owns 119,780 shares of the company’s stock, 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’s website. Additionally, Senior Vice President David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $195.00, for a total transaction value of $918,450.00. Following the transaction, the Senior Vice President now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. Disclosure of this sale can be found here. Over the last 90 days, insiders have sold 66,548 shares of the company’s stock, valued at $12,180,239. Insiders currently own 10.80% of the stock.

Changes in analyst ratings

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

See our latest Amazon.com stock analysis

Amazon.com Price Performance

AMZN stock opened at $200.00 on Wednesday. Amazon.com, Inc.’s lowest share price in a year was $118.35, and its highest was $200.43. The company 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 current ratio of 0.87. The company’s 50 day moving average is $184.27, and a 200 day moving average of $173.63.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. 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 company 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 company’s revenue increased 12.5% ​​compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will report earnings of $4.72 per share for the current fiscal year.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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