Amazon.com, Inc. (NASDAQ:AMZN) is Prospect Financial Services LLC's 7th Largest Position

Prospect Financial Services LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,878 shares of the e-commerce giant's stock after purchasing an additional 4,290 shares during the period. Amazon.com accounts for about 3.3% of Prospect Financial Services LLC's holdings, making the stock its 7th largest holding. Prospect Financial Services LLC's holdings in Amazon.com were worth $5,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the 3rd quarter worth about $37,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new position in Amazon.com during the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new stake in Amazon.com during the second quarter worth about $77,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. This trade represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a report on Friday, November 1st. Telsey Advisory Group lifted their price objective on Amazon.com from $215.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Robert W. Baird boosted their target price on Amazon.com from $213.00 to $220.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. DA Davidson restated a "buy" rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday, October 10th. Finally, Morgan Stanley lifted their price objective on Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $235.45.

Amazon.com Stock Down 1.2 %

NASDAQ AMZN traded down $2.62 during trading on Thursday, hitting $211.48. The company's stock had a trading volume of 42,554,968 shares, compared to its average volume of 41,427,273. The business's 50 day simple moving average is $189.87 and its 200-day simple moving average is $185.36. The company has a market cap of $2.22 trillion, a PE ratio of 45.53, a P/E/G ratio of 1.40 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company's quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal 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.