Prime Capital Investment Advisors LLC Has $117.80 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Prime Capital Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536,932 shares of the e-commerce giant's stock after buying an additional 11,109 shares during the period. Amazon.com comprises approximately 1.7% of Prime Capital Investment Advisors LLC's investment portfolio, making the stock its 14th biggest position. Prime Capital Investment Advisors LLC's holdings in Amazon.com were worth $117,798,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AMZN. Rench Wealth Management Inc. grew its position in shares of Amazon.com by 7.9% in the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after buying an additional 3,703 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC increased its position in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the period. Blankinship & Foster LLC raised its holdings in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new position in shares of Amazon.com in the 4th quarter worth approximately $4,270,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Amazon.com stock opened at $187.39 on Wednesday. The business has a 50-day simple moving average of $192.03 and a 200 day simple moving average of $207.90. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the firm's stock in a transaction dated 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 directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 5,848 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares in the company, valued at $15,265,436.64. The trade was a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Scotiabank cut their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Oppenheimer lowered their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price target on Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Benchmark boosted their target price on shares of Amazon.com from $215.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $246.50.

About Amazon.com

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.

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