Prevail Innovative Wealth Advisors LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Prevail Innovative Wealth Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 28.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,301 shares of the e-commerce giant’s stock after purchasing an additional 3,874 shares during the period. Amazon.com accounts for about 1.3% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 24th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in Amazon.com were worth $2,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. KBC Group NV grew its position in shares of Amazon.com by 42.9% during the fourth quarter. KBC Group NV now owns 6,333,569 shares of the e-commerce giant’s stock worth $962,323,000 after acquiring an additional 1,899,859 shares during the last quarter. Steward Partners Investment Solutions LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $4,678,000. TFG Advisers LLC grew its position in shares of Amazon.com by 0.8% during the fourth quarter. TFG Advisers LLC now owns 38,242 shares of the e-commerce giant’s stock worth $5,811,000 after acquiring an additional 298 shares during the last quarter. SWS Partners grew its position in shares of Amazon.com by 20.9% during the fourth quarter. SWS Partners now owns 31,223 shares of the e-commerce giant’s stock worth $4,744,000 after acquiring an additional 5,397 shares during the last quarter. Finally, Ratio Wealth Group grew its position in shares of Amazon.com by 7.6% during the fourth quarter. Ratio Wealth Group now owns 4,173 shares of the e-commerce giant’s stock worth $634,000 after acquiring an additional 295 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Raymond James increased their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Evercore ISI increased their price target on Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Citigroup increased their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Roth Mkm reaffirmed a “buy” rating and set a $210.00 price target (up from $205.00) on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $213.82.

Read Our Latest Research Report on Amazon.com

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold 65,838 shares of company stock worth $11,984,344 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Up 1.5 %

AMZN opened at $187.06 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.40, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The business has a 50-day moving average of $182.66 and a two-hundred day moving average of $169.27. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts expect that Amazon.com, Inc. will post 4.72 earnings per share for the current year.

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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