C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,122 shares of the e-commerce giant’s stock after purchasing an additional 150 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Amazon.com were worth $4,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter worth about $56,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Raymond James lifted their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Oppenheimer lifted their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Loop Capital lifted their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler reissued an “overweight” rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Shares of AMZN stock opened at $192.82 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company’s 50-day moving average is $220.43 and its 200 day moving average is $208.02. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last 90 days. 10.80% of the stock is currently owned by insiders.

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.