Financial Services News

Prospera Financial Services Inc Has $24.37 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)



Prospera Financial Services Inc lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 9.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,475 shares of the e-commerce giant’s stock after selling 810 shares during the period. Amazon.com comprises 1.0% of Prospera Financial Services Inc’s investment portfolio, making the stock its 11th biggest holding. Prospera Financial Services Inc’s holdings in Amazon.com were worth $24,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. International Assets Investment Management LLC increased its stake in Amazon.com by 2.0% in the 4th quarter. International Assets Investment Management LLC now owns 5,382 shares of the e-commerce giant’s stock valued at $17,945,000 after buying an additional 105 shares during the last quarter. First Dallas Securities Inc. grew its holdings in shares of Amazon.com by 8.2% in the fourth quarter. First Dallas Securities Inc. now owns 224 shares of the e-commerce giant’s stock valued at $746,000 after acquiring an additional 17 shares in the last quarter. Nicolet Bankshares Inc. increased its position in shares of Amazon.com by 7.0% during the fourth quarter. Nicolet Bankshares Inc. now owns 1,430 shares of the e-commerce giant’s stock valued at $4,768,000 after acquiring an additional 93 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Amazon.com during the fourth quarter worth $27,865,000. Finally, Goodman Advisory Group LLC purchased a new position in Amazon.com in the fourth quarter worth $7,996,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $143.55 on Friday. The firm has a market capitalization of $1.46 trillion, a P/E ratio of 128.69, a P/E/G ratio of 6.40 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $119.07 and its two-hundred day simple moving average is $134.27. Amazon.com, Inc. has a twelve month low of $101.26 and a twelve month high of $188.11.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.97 EPS for the current fiscal year.

Insider Activity

In other news, CEO David H. Clark sold 2,270 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David H. Clark sold 2,270 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at approximately $14,522,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the transaction, the chief executive officer now owns 92,781 shares in the company, valued at $209,870,622. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,803 shares of company stock worth $10,528,337. 12.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Itau BBA Securities began coverage on Amazon.com in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price objective on the stock. Mizuho cut their price objective on Amazon.com from $197.50 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 21st. They noted that the move was a valuation call. TheStreet cut Amazon.com from a “b” rating to a “c+” rating in a research report on Thursday, April 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $175.00 price objective on shares of Amazon.com in a research report on Thursday, August 4th. Finally, Raymond James cut their price objective on Amazon.com from $197.50 to $165.00 in a research report on Friday, April 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.99.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)



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