Prepared Retirement Institute LLC Has $268,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Prepared Retirement Institute LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 22.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,411 shares of the e-commerce giant’s stock after selling 401 shares during the quarter. Prepared Retirement Institute LLC’s holdings in Amazon.com were worth $268,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc lifted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth $40,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMZN shares. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Susquehanna lifted their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Barclays increased their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Rosenblatt Securities increased their price objective on shares of Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $262.45.

Amazon.com Price Performance

Amazon.com stock opened at $221.30 on Tuesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The business has a fifty day moving average price of $219.94 and a 200-day moving average price of $208.52. 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 firm has a market capitalization of $2.36 trillion, a P/E ratio of 33.73, a PEG ratio of 1.50 and a beta of 1.31.

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

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value 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 trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 25,101,037 shares of company stock valued at $5,674,726,368 over the last three months. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.