Prairie Sky Financial Group LLC Has $9.07 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Prairie Sky Financial Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,685 shares of the e-commerce giant’s stock after buying an additional 500 shares during the period. Amazon.com makes up 5.2% of Prairie Sky Financial Group LLC’s investment portfolio, making the stock its 7th largest position. Prairie Sky Financial Group LLC’s holdings in Amazon.com were worth $9,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its stake in shares of Amazon.com by 31.6% in the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after buying an additional 43,759 shares in the last quarter. Investment Advisory Group LLC increased its holdings in shares of Amazon.com by 2.0% in the 1st quarter. Investment Advisory Group LLC now owns 22,789 shares of the e-commerce giant’s stock worth $4,111,000 after purchasing an additional 439 shares in the last quarter. Independent Family Office LLC purchased a new position in shares of Amazon.com in the first quarter worth $209,000. M3 Advisory Group LLC lifted its holdings in shares of Amazon.com by 31.2% during the first quarter. M3 Advisory Group LLC now owns 8,644 shares of the e-commerce giant’s stock valued at $1,559,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its holdings in Amazon.com by 0.9% in the 1st quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock worth $3,186,000 after buying an additional 153 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMZN. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Piper Sandler upped their price objective on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Benchmark boosted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays raised their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the transaction, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock worth $1,256,503,289 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 1.0 %

Shares of NASDAQ AMZN opened at $208.91 on Wednesday. Amazon.com, Inc. has a 1-year low of $139.52 and a 1-year high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The business’s 50 day moving average is $188.40 and its two-hundred day moving average is $184.95. The stock has a market capitalization of $2.20 trillion, a P/E ratio of 44.73, a PEG ratio of 1.40 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

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.