Amazon.com, Inc. (NASDAQ:AMZN) Stake Boosted by Divergent Planning LLC

Divergent Planning LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,006 shares of the e-commerce giant’s stock after purchasing an additional 286 shares during the quarter. Amazon.com makes up 0.2% of Divergent Planning LLC’s portfolio, making the stock its 16th largest holding. Divergent Planning LLC’s holdings in Amazon.com were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the fourth quarter worth approximately $800,000. Capital & Planning LLC boosted its position in shares of Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock worth $856,000 after buying an additional 1,635 shares during the period. LaFleur & Godfrey LLC boosted its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after buying an additional 860 shares during the period. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the period. Finally, Compass Wealth Management LLC boosted its position in shares of Amazon.com by 1.7% during the fourth quarter. Compass Wealth Management LLC now owns 6,023 shares of the e-commerce giant’s stock worth $1,321,000 after buying an additional 100 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Oppenheimer reduced their price objective on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Royal Bank of Canada cut their target price on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. JMP Securities restated a “market outperform” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Raymond James restated an “outperform” rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.89.

Amazon.com Trading Down 0.5%

NASDAQ AMZN opened at $212.10 on Friday. The company has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm’s fifty day simple moving average is $195.47 and its 200-day simple moving average is $209.16. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the transaction, the chief executive officer now owns 517,050 shares of the company’s stock, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock worth $20,531,075 over the last ninety days. Company 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.