Stonebridge Financial Planning Group LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Stonebridge Financial Planning Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,533 shares of the e-commerce giant’s stock after acquiring an additional 255 shares during the period. Amazon.com makes up about 2.3% of Stonebridge Financial Planning Group LLC’s investment portfolio, making the stock its 6th largest holding. Stonebridge Financial Planning Group LLC’s holdings in Amazon.com were worth $4,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after acquiring an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Amazon.com by 82,457.3% during the third quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after buying an additional 3,903,889 shares during the last quarter. Wulff Hansen & CO. lifted its position in Amazon.com by 20,517.4% during the 2nd quarter. Wulff Hansen & CO. now owns 3,884,325 shares of the e-commerce giant’s stock worth $750,646,000 after buying an additional 3,865,485 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Amazon.com during the 3rd quarter worth about $492,144,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. DA Davidson reissued a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Redburn Atlantic upped their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Bank of America raised their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Amazon.com Trading Down 0.9 %

AMZN opened at $219.39 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The company’s 50 day moving average price is $210.97 and its two-hundred day moving average price is $193.40. The firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 46.98, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares in the company, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

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.