Prospect Financial Services LLC Purchases 4,290 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prospect Financial Services LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,878 shares of the e-commerce giant’s stock after acquiring an additional 4,290 shares during the period. Amazon.com makes up about 3.3% of Prospect Financial Services LLC’s investment portfolio, making the stock its 7th biggest position. Prospect Financial Services LLC’s holdings in Amazon.com were worth $5,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. China Universal Asset Management Co. Ltd. lifted its stake in Amazon.com by 31.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after buying an additional 43,759 shares in the last quarter. SWP Financial LLC purchased a new stake in Amazon.com in the 1st quarter valued at approximately $210,000. Geneva Partners LLC lifted its stake in Amazon.com by 24.1% in the 1st quarter. Geneva Partners LLC now owns 46,995 shares of the e-commerce giant’s stock valued at $8,477,000 after buying an additional 9,125 shares in the last quarter. Concord Wealth Partners lifted its stake in Amazon.com by 27.6% in the 1st quarter. Concord Wealth Partners now owns 40,114 shares of the e-commerce giant’s stock valued at $7,236,000 after buying an additional 8,687 shares in the last quarter. Finally, Summit Place Financial Advisors LLC lifted its stake in shares of Amazon.com by 2.9% during the 1st quarter. Summit Place Financial Advisors LLC now owns 16,472 shares of the e-commerce giant’s stock worth $2,971,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.5 %

Amazon.com stock opened at $214.10 on Thursday. The company’s fifty day simple moving average is $189.05 and its 200-day simple moving average is $185.15. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $139.52 and a 12 month high of $215.09. The stock has a market cap of $2.25 trillion, a P/E ratio of 45.85, a P/E/G ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company posted $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total value of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at approximately $189,056,461,944.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,053,349 shares of company stock worth $1,256,503,289 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their price target on Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Finally, Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

About Amazon.com

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.