Amazon.com, Inc. (NASDAQ:AMZN) is Prosperity Consulting Group LLC's 10th Largest Position

Prosperity Consulting Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,560 shares of the e-commerce giant's stock after purchasing an additional 1,609 shares during the period. Amazon.com comprises approximately 1.4% of Prosperity Consulting Group LLC's holdings, making the stock its 10th biggest holding. Prosperity Consulting Group LLC's holdings in Amazon.com were worth $18,332,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Principal Financial Group Inc. boosted its stake in shares of Amazon.com by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after purchasing an additional 984,570 shares in the last quarter. Syntax Research Inc. boosted its stake in shares of Amazon.com by 10.8% in the 3rd quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant's stock valued at $801,000 after purchasing an additional 420 shares in the last quarter. SK Wealth Management LLC acquired a new stake in shares of Amazon.com in the 3rd quarter valued at $1,142,000. Penney Financial LLC boosted its stake in shares of Amazon.com by 6.3% in the 3rd quarter. Penney Financial LLC now owns 2,599 shares of the e-commerce giant's stock valued at $484,000 after purchasing an additional 155 shares in the last quarter. Finally, Trust Co of the South boosted its stake in shares of Amazon.com by 25.9% in the 4th quarter. Trust Co of the South now owns 14,741 shares of the e-commerce giant's stock valued at $3,234,000 after purchasing an additional 3,028 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded up $1.98 during trading hours on Thursday, hitting $203.10. 38,808,731 shares of the company were exchanged, compared to its average volume of 41,963,905. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average is $189.89 and its 200 day moving average is $208.79.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the transaction, the chief executive officer now directly owns 514,150 shares in the company, valued at approximately $105,426,457.50. This represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock valued at $17,421,044 over the last ninety days. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. Royal Bank of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a report on Thursday, February 13th. Bank of America cut their price target on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $244.09.

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.