Prairie Wealth Advisors Inc. Sells 3,850 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prairie Wealth Advisors Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the second quarter, HoldingsChannel reports. The firm owned 40,506 shares of the e-commerce giant’s stock after selling 3,850 shares during the period. Amazon.com accounts for approximately 4.0% of Prairie Wealth Advisors Inc.’s holdings, making the stock its 4th largest holding. Prairie Wealth Advisors Inc.’s holdings in Amazon.com were worth $7,828,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. High Net Worth Advisory Group LLC grew its stake in shares of Amazon.com by 9.8% during the first quarter. High Net Worth Advisory Group LLC now owns 26,956 shares of the e-commerce giant’s stock valued at $4,862,000 after acquiring an additional 2,417 shares in the last quarter. Purus Wealth Management LLC grew its stake in Amazon.com by 5.8% during the 1st quarter. Purus Wealth Management LLC now owns 46,724 shares of the e-commerce giant’s stock valued at $8,428,000 after purchasing an additional 2,563 shares in the last quarter. Anderson Hoagland & Co. increased its holdings in Amazon.com by 8.9% during the 1st quarter. Anderson Hoagland & Co. now owns 198,827 shares of the e-commerce giant’s stock worth $36,966,000 after purchasing an additional 16,314 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in shares of Amazon.com by 20.3% in the 1st quarter. Cherrydale Wealth Management LLC now owns 6,327 shares of the e-commerce giant’s stock valued at $1,141,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Westend Capital Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $8,918,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $186.38 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.94 trillion, a P/E ratio of 52.21, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50-day moving average price is $183.11 and its 200 day moving average price is $183.54.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. Truist Financial lifted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Loop Capital boosted their target price on shares of Amazon.com from $750.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

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.