Financial Life Planners Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Life Planners lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,530 shares of the e-commerce giant’s stock after selling 364 shares during the quarter. Amazon.com comprises 1.6% of Financial Life Planners’ portfolio, making the stock its 13th largest position. Financial Life Planners’ holdings in Amazon.com were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth about $40,000. Finally, Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% during the fourth 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 last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.3%

Shares of NASDAQ:AMZN opened at $223.88 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.38 trillion, a P/E ratio of 36.46, a P/E/G ratio of 1.67 and a beta of 1.33. The business has a fifty day simple moving average of $212.84 and a 200 day simple moving average of $208.62.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last quarter. 9.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Moffett Nathanson increased their price target on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Cantor Fitzgerald lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday. Barclays cut their price target on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Piper Sandler set a $250.00 price objective on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Oppenheimer boosted their price target on shares of Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $250.35.

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.