Prime Capital Investment Advisors LLC Purchases 126,599 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prime Capital Investment Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 49.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 380,527 shares of the e-commerce giant’s stock after acquiring an additional 126,599 shares during the quarter. Amazon.com accounts for 1.2% of Prime Capital Investment Advisors LLC’s holdings, making the stock its 16th largest holding. Prime Capital Investment Advisors LLC’s holdings in Amazon.com were worth $31,964,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $27,000. Retirement Financial Solutions LLC bought a new stake in shares of Amazon.com during the fourth quarter worth $32,000. Laurel Wealth Planning LLC grew its stake in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter worth $38,000. Finally, Cowa LLC bought a new stake in shares of Amazon.com in the third quarter worth $40,000. 57.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $101.67, for a total value of $50,835.00. Following the completion of the sale, the chief executive officer now directly owns 137,300 shares of the company’s stock, valued at approximately $13,959,291. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 21,925 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.37, for a total transaction of $2,529,487.25. Following the transaction, the chief executive officer now directly owns 1,997,681 shares of the company’s stock, valued at $230,472,456.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,144 shares of company stock valued at $8,405,887. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMZN shares. Robert W. Baird boosted their price objective on shares of Amazon.com from $125.00 to $130.00 in a research note on Friday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $135.00 to $145.00 in a research note on Friday, April 28th. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. StockNews.com started coverage on shares of Amazon.com in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Wolfe Research boosted their price objective on shares of Amazon.com from $130.00 to $140.00 in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.12.

Amazon.com Trading Down 0.0 %

NASDAQ:AMZN opened at $114.99 on Wednesday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The firm has a 50-day moving average of $104.48 and a 200-day moving average of $97.42. The company has a market cap of $1.18 trillion, a PE ratio of 273.79, a PEG ratio of 4.04 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data 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 the consensus estimate of $124.57 billion. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 1.57 EPS for the current fiscal year.

Amazon.com Profile

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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.