Prospera Financial Services Inc Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Prospera Financial Services Inc reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,217 shares of the e-commerce giant’s stock after selling 5,057 shares during the period. Amazon.com makes up 0.7% of Prospera Financial Services Inc’s portfolio, making the stock its 21st largest holding. Prospera Financial Services Inc’s holdings in Amazon.com were worth $14,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amica Mutual Insurance Co. lifted its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Amica Mutual Insurance Co. now owns 214,494 shares of the e-commerce giant’s stock worth $18,017,000 after acquiring an additional 1,102 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in Amazon.com by 49.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 380,527 shares of the e-commerce giant’s stock valued at $31,964,000 after buying an additional 126,599 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Amazon.com by 3.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 2,467,287 shares of the e-commerce giant’s stock valued at $207,252,000 after buying an additional 73,526 shares in the last quarter. Torray Investment Partners LLC raised its holdings in shares of Amazon.com by 2.7% in the 4th quarter. Torray Investment Partners LLC now owns 84,928 shares of the e-commerce giant’s stock valued at $7,134,000 after purchasing an additional 2,268 shares in the last quarter. Finally, Actiam N.V. raised its holdings in shares of Amazon.com by 57.6% in the 4th quarter. Actiam N.V. now owns 1,810,436 shares of the e-commerce giant’s stock valued at $152,077,000 after purchasing an additional 661,818 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $116.75 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.69 and a current ratio of 0.92. The company has a fifty day moving average of $104.89 and a two-hundred day moving average of $97.55. The stock has a market capitalization of $1.20 trillion, a PE ratio of 277.98, a P/E/G ratio of 4.00 and a beta of 1.26. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. Amazon.com had a net margin of 0.82% and a return on equity of 5.85%. The business had revenue of $127.36 billion during the quarter, compared to analyst estimates of $124.57 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold 75,144 shares of company stock valued at $8,405,887 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Mizuho boosted their price target on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Amazon.com in a research report on Wednesday, April 19th. UBS Group lifted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research report on Friday, April 28th. DA Davidson lifted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, Evercore ISI cut their price objective on shares of Amazon.com from $160.00 to $155.00 and set an “outperform” rating on the stock in a research report on Monday, April 3rd. Three analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $143.12.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.