Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Holistic Planning LLC

Holistic Planning LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,322 shares of the e-commerce giant’s stock after purchasing an additional 276 shares during the quarter. Amazon.com makes up about 1.1% of Holistic Planning LLC’s holdings, making the stock its 19th biggest position. Holistic Planning LLC’s holdings in Amazon.com were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the completion of the transaction, the insider directly owned 894,546,706 shares of the company’s stock, valued at $203,079,993,196.12. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at approximately $113,231,873. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,335,232 shares of company stock valued at $3,210,622,570 over the last 90 days. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Up 1.0%

NASDAQ AMZN opened at $226.13 on Friday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company’s 50 day simple moving average is $213.50 and its 200 day simple moving average is $208.59.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Barclays cut their price target on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, July 10th. Raymond James Financial reissued an “outperform” rating and set a $195.00 price target (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. JMP Securities upped their price target on Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a report on Thursday, July 10th. Finally, Truist Financial raised their price objective on Amazon.com from $226.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Three research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.