Prio Wealth Limited Partnership Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Prio Wealth Limited Partnership boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 582,507 shares of the e-commerce giant’s stock after acquiring an additional 9,476 shares during the quarter. Amazon.com comprises 3.0% of Prio Wealth Limited Partnership’s portfolio, making the stock its 5th biggest holding. Prio Wealth Limited Partnership’s holdings in Amazon.com were worth $88,506,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Register Financial Advisors LLC grew its position in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Amazon.com by 1.0% during the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC grew its position in shares of Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares in the last quarter. Tompkins Financial Corp grew its position in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares in the last quarter. Finally, Nicholas Company Inc. grew its position in shares of Amazon.com by 3.9% during the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.3 %

Shares of AMZN opened at $183.62 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The stock’s 50 day moving average is $176.60 and its two-hundred day moving average is $155.79. The firm has a market cap of $1.91 trillion, a P/E ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMZN shares. BMO Capital Markets started coverage on Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. Monness Crespi & Hardt increased their price target on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein upped their price objective on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Truist Financial restated a “buy” rating and set a $195.00 price objective on shares of Amazon.com in a research note on Friday, March 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $200.00 price objective on shares of Amazon.com in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $201.43.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,874,846 over the last ninety days. Insiders own 12.70% of the company’s stock.

Amazon.com Company 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.