Prosperity Consulting Group LLC Boosts Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Prosperity Consulting Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,172 shares of the e-commerce giant’s stock after acquiring an additional 717 shares during the period. Amazon.com makes up 2.1% of Prosperity Consulting Group LLC’s investment portfolio, making the stock its 14th biggest holding. Prosperity Consulting Group LLC’s holdings in Amazon.com were worth $3,122,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMZN. State Street Corp raised its stake in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC raised its stake in shares of Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Northern Trust Corp raised its stake in shares of Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock worth $10,089,669,000 after buying an additional 90,167,792 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Amazon.com by 1,909.7% during the 2nd quarter. Swiss National Bank now owns 39,731,440 shares of the e-commerce giant’s stock worth $4,219,876,000 after buying an additional 37,754,468 shares in the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The disclosure for this sale can be found here. Insiders have sold 75,144 shares of company stock valued at $8,405,887 over the last three months. 12.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Amazon.com in a research note on Thursday, May 18th. They set a “hold” rating for the company. Tigress Financial reissued a “buy” rating and set a $192.00 target price on shares of Amazon.com in a research note on Thursday, February 9th. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Amazon.com in a report on Wednesday, April 12th. Benchmark upped their price target on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Finally, Rosenblatt Securities upped their price target on Amazon.com from $106.00 to $111.00 in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.12.

Amazon.com Trading Down 0.0 %

Shares of AMZN opened at $114.99 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.18 trillion, a P/E ratio of 273.79, a price-to-earnings-growth ratio of 4.04 and a beta of 1.26. The stock’s fifty day simple moving average is $104.48 and its 200 day simple moving average is $97.42. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The business had revenue of $127.36 billion for the quarter, compared to analyst estimates of $124.57 billion. During the same period last year, the company posted $0.21 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

About Amazon.com

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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.