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.
TRADEMARK VIOLATION WARNING: “Prospera Financial Services Inc Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2017/08/11/prospera-financial-services-inc-decreases-position-in-amazon-com-inc-nasdaqamzn.html.
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.
What are top analysts saying about Amazon.com Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Amazon.com Inc. and related companies.