Amazon.com, Inc. (NASDAQ:AMZN) Holdings Cut by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 601,336 shares of the e-commerce giant’s stock after selling 35,539 shares during the quarter. Amazon.com makes up 3.5% of Prio Wealth Limited Partnership’s holdings, making the stock its 6th biggest position. Prio Wealth Limited Partnership’s holdings in Amazon.com were worth $116,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. DGS Capital Management LLC lifted its position in shares of Amazon.com by 39.0% in the first quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock valued at $4,116,000 after acquiring an additional 6,401 shares in the last quarter. Affiance Financial LLC raised its stake in Amazon.com by 4.3% in the 1st quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock valued at $1,928,000 after purchasing an additional 436 shares during the last quarter. S.A. Mason LLC lifted its holdings in Amazon.com by 11.5% in the 1st quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $581,000 after purchasing an additional 332 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Amazon.com by 35.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock worth $15,225,000 after purchasing an additional 21,998 shares during the last quarter. Finally, WealthCare Investment Partners LLC grew its holdings in shares of Amazon.com by 11.8% during the first quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last three months. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMZN shares. UBS Group boosted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Rosenblatt Securities increased their price target on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group lowered their price objective on Amazon.com from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Piper Sandler cut their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $236.76.

Amazon.com Trading Up 1.3 %

Shares of NASDAQ:AMZN opened at $190.83 on Wednesday. The company has a market cap of $1.99 trillion, a PE ratio of 53.45, a P/E/G ratio of 1.38 and a beta of 1.14. The company’s 50 day moving average is $183.94 and its two-hundred day moving average is $183.57. Amazon.com, Inc. has a 52 week low of $128.56 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Equities analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

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.