Prosperitas Financial LLC Has $5.13 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Prosperitas Financial LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,733 shares of the e-commerce giant’s stock after acquiring an additional 2,482 shares during the quarter. Amazon.com makes up 3.8% of Prosperitas Financial LLC’s investment portfolio, making the stock its 9th largest position. Prosperitas Financial LLC’s holdings in Amazon.com were worth $5,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the period. FMR LLC grew its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the last quarter. Northern Trust Corp increased its position in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Jennison Associates LLC raised its stake in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Amazon.com by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on Amazon.com from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their target price on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Argus lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $211.07.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 0.8 %

Amazon.com stock opened at $186.21 on Monday. Amazon.com, Inc. has a 12-month low of $103.31 and a 12-month high of $189.77. The firm has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a P/E/G ratio of 1.38 and a beta of 1.15. The firm has a 50 day moving average of $179.02 and a 200 day moving average of $160.75. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

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.