Prodigy Asset Management LLC Invests $202,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Prodigy Asset Management LLC bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,061 shares of the e-commerce giant’s stock, valued at approximately $202,000. Amazon.com comprises approximately 0.2% of Prodigy Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter valued at about $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.4%

Shares of AMZN stock opened at $211.65 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 32.26, a PEG ratio of 1.57 and a beta of 1.31. The stock has a 50 day simple moving average of $218.42 and a 200-day simple moving average of $208.93. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research note on Monday, July 28th. Tigress Financial lifted their target price on Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. DA Davidson lifted their target price on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. Finally, Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $262.45.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Corporate insiders own 10.80% 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.