Prairie Sky Financial Group LLC Sells 355 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prairie Sky Financial Group LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 48,330 shares of the e-commerce giant’s stock after selling 355 shares during the quarter. Amazon.com accounts for 6.5% of Prairie Sky Financial Group LLC’s portfolio, making the stock its 5th largest position. Prairie Sky Financial Group LLC’s holdings in Amazon.com were worth $10,603,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fiera Capital Corp boosted its holdings in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares during the period. Prudential PLC lifted its holdings in shares of Amazon.com by 9.5% during the 2nd quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock valued at $151,043,000 after buying an additional 67,971 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its stake in shares of Amazon.com by 0.6% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock valued at $34,330,000 after buying an additional 1,083 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its stake in shares of Amazon.com by 30.8% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock worth $1,330,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Amazon.com by 2.7% during the 2nd quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock valued at $90,518,000 after purchasing an additional 12,272 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,026,212 shares of company stock worth $625,666,424. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research note on Wednesday, January 22nd. UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Raymond James raised their target price on Amazon.com from $230.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.56.

Amazon.com Stock Performance

Shares of AMZN stock opened at $238.83 on Friday. The stock has a 50-day moving average of $225.85 and a 200-day moving average of $200.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.51 trillion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 5.3 earnings per share for the current 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.