Prime Capital Investment Advisors LLC Has $97.98 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Prime Capital Investment Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,823 shares of the e-commerce giant's stock after buying an additional 34,298 shares during the quarter. Amazon.com accounts for 1.4% of Prime Capital Investment Advisors LLC's portfolio, making the stock its 17th biggest holding. Prime Capital Investment Advisors LLC's holdings in Amazon.com were worth $97,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Hemenway Trust Co LLC grew its position in Amazon.com by 1.0% during the third quarter. Hemenway Trust Co LLC now owns 234,080 shares of the e-commerce giant's stock worth $43,616,000 after buying an additional 2,264 shares during the period. Savvy Advisors Inc. boosted its stake in shares of Amazon.com by 32.2% during the 3rd quarter. Savvy Advisors Inc. now owns 30,746 shares of the e-commerce giant's stock worth $5,729,000 after acquiring an additional 7,486 shares in the last quarter. Mascoma Wealth Management LLC boosted its stake in shares of Amazon.com by 2.4% during the 3rd quarter. Mascoma Wealth Management LLC now owns 6,412 shares of the e-commerce giant's stock worth $1,195,000 after acquiring an additional 150 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in shares of Amazon.com in the 3rd quarter worth approximately $2,802,000. Finally, Crystal Rock Capital Management increased its stake in Amazon.com by 0.7% in the 3rd quarter. Crystal Rock Capital Management now owns 56,670 shares of the e-commerce giant's stock valued at $10,559,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. Insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. Bank of America upped their target price on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wedbush raised their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Morgan Stanley increased their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Finally, Moffett Nathanson lifted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $1.38 during trading on Monday, reaching $226.30. The stock had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. The firm's 50 day moving average price is $205.83 and its two-hundred day moving average price is $191.38. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The stock has a market cap of $2.38 trillion, a PE ratio of 48.46, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Amazon.com 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.