Asset Planning Services Inc. LA ADV Sells 550 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Asset Planning Services Inc. LA ADV decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,345 shares of the e-commerce giant’s stock after selling 550 shares during the quarter. Amazon.com makes up approximately 0.1% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 8th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Amazon.com were worth $8,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the 4th quarter valued at $27,000. LSV Asset Management acquired a new stake in Amazon.com during the 4th quarter valued at $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at $40,000. Finally, Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,602,037 shares of company stock worth $3,044,172,641. 9.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Barclays cut their target price on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group boosted their price target on shares of Amazon.com from $255.00 to $265.00 in a report on Wednesday. Citigroup restated a “market outperform” rating on shares of Amazon.com in a report on Thursday, July 10th. Finally, Benchmark restated a “buy” rating and set a $260.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $250.35.

Amazon.com Trading Down 1.4%

AMZN opened at $223.19 on Thursday. The company has a market cap of $2.37 trillion, a P/E ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business’s 50-day simple moving average is $212.21 and its 200-day simple moving average is $208.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analysts’ expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.