Sterling Financial Planning Inc. Sells 300 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sterling Financial Planning Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,546 shares of the e-commerce giant’s stock after selling 300 shares during the quarter. Sterling Financial Planning Inc.’s holdings in Amazon.com were worth $539,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Strid Group LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $43,000. Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the third quarter worth about $49,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.4 %

Shares of Amazon.com stock opened at $188.00 on Thursday. Amazon.com, Inc. has a 52-week low of $105.16 and a 52-week high of $189.94. The firm’s 50 day moving average price is $179.60 and its 200-day moving average price is $161.63. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.96 trillion, a P/E ratio of 52.66, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Mizuho lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their price target on shares of Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Maxim Group reduced their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Royal Bank of Canada increased their price target on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $211.62.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 14,300 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $175.00, for a total transaction of $2,502,500.00. Following the completion of the transaction, the chief executive officer now directly owns 499,831 shares of the company’s stock, valued at approximately $87,470,425. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,198,961 shares of company stock valued at $4,482,430,577. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.