Prime Capital Investment Advisors LLC Buys 83,338 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prime Capital Investment Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 539,123 shares of the e-commerce giant’s stock after purchasing an additional 83,338 shares during the period. Amazon.com comprises about 1.2% of Prime Capital Investment Advisors LLC’s holdings, making the stock its 16th largest holding. Prime Capital Investment Advisors LLC’s holdings in Amazon.com were worth $81,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AMZN. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its stake in Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its stake in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its stake in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $174.63 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $101.15 and a 12-month high of $189.77. The firm has a market cap of $1.82 trillion, a P/E ratio of 60.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company’s 50 day moving average is $177.28 and its 200-day moving average is $157.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets started coverage on shares of Amazon.com in a report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price target for the company. Barclays raised their price target on shares of Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $190.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $202.80.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $92,688,826.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last quarter. Corporate insiders own 12.30% of the company’s stock.

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.