Prospera Financial Services Inc Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Prospera Financial Services Inc reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,271 shares of the e-commerce giant’s stock after selling 430 shares during the period. Prospera Financial Services Inc’s holdings in Amazon.com were worth $3,162,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth about $23,951,000. OLD Second National Bank of Aurora raised its stake in shares of Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares during the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter worth about $116,000. Ibex Wealth Advisors acquired a new stake in shares of Amazon.com during the fourth quarter worth about $113,000. Finally, Lipe & Dalton acquired a new stake in shares of Amazon.com during the first quarter worth about $124,000. 62.17% of the stock is currently owned by institutional investors.

Amazon.com, Inc. (NASDAQ AMZN) traded up 1.18% on Friday, reaching $968.19. 2,402,449 shares of the company traded hands. Amazon.com, Inc. has a 52-week low of $710.10 and a 52-week high of $1,083.31. The firm has a market cap of $465.10 billion, a P/E ratio of 246.23 and a beta of 1.48. The stock has a 50-day moving average price of $999.07 and a 200-day moving average price of $925.01.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter last year, the firm earned $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post $3.83 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the company. UBS AG lowered Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research note on Wednesday. Mizuho reiterated a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a research note on Monday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,065.61.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 4,000 shares of Amazon.com stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,697,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,852,500. The disclosure for this sale can be found here. Insiders sold a total of 10,890 shares of company stock valued at $10,800,023 in the last quarter. Corporate insiders own 17.70% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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

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