Prentice Wealth Management LLC acquires 436 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Prentice Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the first quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 9,856 shares of the e-commerce giant after purchasing an additional 436 shares during the quarter. Amazon.com makes up 0.6% of Prentice Wealth Management LLC’s portfolio, making it the 25th-largest stock. Prentice Wealth Management LLC’s stake in Amazon.com was worth $1,778,000, according to a recent SEC filing.

Several other institutional investors and hedge funds have also recently increased or decreased their stakes in the business. ShoreHaven Wealth Partners LLC increased its position in shares of Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares during the period. About Dell Group LLC strengthened its position on Amazon.com by 0.5% in the fourth quarter. About Dell Group LLC now owns 13,581 shares of the e-commerce giant’s stock valued at $2,064,000 after purchasing an additional 61 shares in the last quarter. Measured Wealth Private Client Group LLC increased its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after acquiring an additional 62 shares in the last quarter. Ballew Advisors Inc increased its position in shares of Amazon.com by 1.5% during the first quarter. Ballew Advisors Inc now owns 4,248 shares of the e-commerce giant’s stock valued at $790,000 after acquiring an additional 62 shares in the last quarter. Finally, Socha Financial Group LLC increased its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Socha Financial Group LLC now owns 1,991 shares of the e-commerce giant’s stock worth $303,000 after acquiring an additional 63 shares in the last quarter. Institutional investors hold 72.20% of the company’s shares.

Amazon.com revenue falls 2.3%

Amazon.com shares opened at $193.25 on Friday. The company has a 50-day simple moving average of $183.87 and a 200-day simple moving average of $173.11. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, $0.15 topping the analyst consensus of $0.83. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue increased 12.5% year-over-year. During the same period last year, the company earned $0.31 EPS. On average, analysts are forecasting that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Buying and selling confidential information

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the CEO now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the VP now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total transaction value of $632,555.00. Following the sale, the CEO now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. Disclosure of this sale can be found here . Over the last ninety days, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Corporate insiders own 10.80% of the company’s stock.

Analyst ratings upgrades and downgrades

Several stock research analysts have issued reports on AMZN stock. Loop Capital raised their price target on Amazon.com from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, May 6. Stifel Nicolaus raised their price target on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1. DA Davidson reissued a “buy” rating and set a price target on Amazon.com stock at $235.00 on Thursday, April 18. Finally, Piper Sandler raised their price target on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. One equities research analyst has rated the stock a hold, forty-three have given the stock a buy rating, and one has given a strong buy rating. The company currently has a consensus rating of “Buy” and a consensus price target of $215.86, based on data from MarketBeat.

Read our latest stock report on AMZN

Amazon.com profile

(Free Report)

Amazon.com, Inc. is a retailer of consumer products, advertising, and subscription services through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero televisions; and develops and produces media content.

Amazon.com revenue falls 2.3%

Buying and selling confidential information

Analyst ratings upgrades and downgrades

Amazon.com profile

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