Capasso Planning Partners LLC Has $1.02 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capasso Planning Partners LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,355 shares of the e-commerce giant’s stock after selling 729 shares during the quarter. Capasso Planning Partners LLC’s holdings in Amazon.com were worth $1,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Cable Hill Partners LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. lifted its stake in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management lifted its stake in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after buying an additional 47 shares during the period. Balanced Wealth Group LLC lifted its stake in Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant’s stock valued at $705,000 after buying an additional 48 shares during the period. Finally, ETF Store Inc. increased its holdings in shares of Amazon.com by 2.1% during the fourth quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant’s stock valued at $522,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMZN shares. Benchmark restated a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Jefferies Financial Group boosted their price objective on Amazon.com from $255.00 to $265.00 in a report on Wednesday. Rosenblatt Securities boosted their price objective on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Three analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $250.35.

Amazon.com Stock Up 1.0%

AMZN stock opened at $226.13 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. 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 fifty day moving average of $213.50 and a 200-day moving average of $208.67.

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 the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the sale, the insider owned 894,546,706 shares of the company’s stock, valued at approximately $203,079,993,196.12. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total value of $550,150.00. Following the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last three months. 9.70% of the stock is currently owned by insiders.

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.