Prosperity Consulting Group LLC Purchases 1,609 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prosperity Consulting Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 83,560 shares of the e-commerce giant’s stock after purchasing an additional 1,609 shares during the quarter. Amazon.com comprises about 1.4% of Prosperity Consulting Group LLC’s portfolio, making the stock its 10th largest holding. Prosperity Consulting Group LLC’s holdings in Amazon.com were worth $18,332,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter worth $19,887,000. Bolthouse Investments LLC acquired a new stake in Amazon.com in the fourth quarter worth $1,502,000. Wills Financial Group Inc. raised its holdings in Amazon.com by 5.6% in the fourth quarter. Wills Financial Group Inc. now owns 37,365 shares of the e-commerce giant’s stock worth $8,198,000 after purchasing an additional 1,984 shares during the period. Johnson Financial Group Inc. raised its holdings in Amazon.com by 1.5% in the fourth quarter. Johnson Financial Group Inc. now owns 52,808 shares of the e-commerce giant’s stock worth $12,551,000 after purchasing an additional 794 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Amazon.com in the fourth quarter worth $4,150,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $205.59 on Monday. The firm has a 50-day moving average of $189.33 and a 200-day moving average of $208.77. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market cap of $2.18 trillion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. DA Davidson dropped their price objective on shares of Amazon.com from $280.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Evercore ISI dropped their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,798 shares of company stock valued at $17,696,733. Company insiders own 9.70% of the company’s stock.

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.