Amazon.com, Inc. (NASDAQ:AMZN) is St. Louis Financial Planners Asset Management LLC’s 9th Largest Position

St. Louis Financial Planners Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,684 shares of the e-commerce giant’s stock after acquiring an additional 3,747 shares during the quarter. Amazon.com makes up about 2.4% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 9th biggest holding. St. Louis Financial Planners Asset Management LLC’s holdings in Amazon.com were worth $3,174,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. S.E.E.D. Planning Group LLC lifted its stake in Amazon.com by 5.3% in the first quarter. S.E.E.D. Planning Group LLC now owns 73,764 shares of the e-commerce giant’s stock worth $14,034,000 after acquiring an additional 3,730 shares during the last quarter. Private Client Services LLC lifted its stake in Amazon.com by 1.5% in the first quarter. Private Client Services LLC now owns 9,325 shares of the e-commerce giant’s stock worth $1,774,000 after acquiring an additional 139 shares during the last quarter. Global Financial Private Client LLC lifted its stake in Amazon.com by 31.6% in the first quarter. Global Financial Private Client LLC now owns 9,182 shares of the e-commerce giant’s stock worth $1,747,000 after acquiring an additional 2,204 shares during the last quarter. Welch Group LLC lifted its stake in Amazon.com by 1.3% in the first quarter. Welch Group LLC now owns 58,213 shares of the e-commerce giant’s stock worth $11,219,000 after acquiring an additional 775 shares during the last quarter. Finally, Tompkins Financial Corp lifted its position in shares of Amazon.com by 1.1% during the 1st quarter. Tompkins Financial Corp now owns 77,935 shares of the e-commerce giant’s stock worth $14,828,000 after buying an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Cantor Fitzgerald boosted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, April 14th. UBS Group restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Truist Financial reduced their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.89.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $217.61 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock has a market cap of $2.31 trillion, a PE ratio of 39.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The firm’s fifty day simple moving average is $193.04 and its 200-day simple moving average is $209.02.

Amazon.com (NASDAQ:AMZN) last issued 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 firm had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the sale, the chief executive officer now directly owns 514,150 shares of the company’s stock, valued at approximately $105,426,457.50. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. 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.