Amazon.com, Inc. (NASDAQ:AMZN) is Prospect Financial Services LLC’s 8th Largest Position

Prospect Financial Services LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,345 shares of the e-commerce giant’s stock after buying an additional 2,354 shares during the quarter. Amazon.com comprises 3.5% of Prospect Financial Services LLC’s investment portfolio, making the stock its 8th largest position. Prospect Financial Services LLC’s holdings in Amazon.com were worth $4,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Cooksen Wealth LLC purchased a new stake in Amazon.com in the fourth quarter worth about $30,000. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC purchased a new stake in Amazon.com in the fourth quarter worth $43,000. Finally, Clarity Asset Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth $46,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN stock traded up $1.49 during trading on Friday, reaching $186.21. The stock had a trading volume of 39,172,004 shares, compared to its average volume of 46,582,852. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $179.02 and its two-hundred day moving average is $160.32. The firm has a market cap of $1.94 trillion, a PE ratio of 52.16, a PEG ratio of 1.37 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 4.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research reports. Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Evercore ISI upped their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday. Raymond James lifted their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday. Truist Financial upped their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Roth Mkm reiterated a “buy” rating and set a $210.00 price objective (up previously from $205.00) on shares of Amazon.com in a research note on Wednesday. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com 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.