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

PDS Planning Inc grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,114 shares of the e-commerce giant’s stock after acquiring an additional 6,057 shares during the period. Amazon.com comprises about 0.8% of PDS Planning Inc’s investment portfolio, making the stock its 26th biggest holding. PDS Planning Inc’s holdings in Amazon.com were worth $9,915,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Bank of Stockton grew its stake in shares of Amazon.com by 9.7% during the first quarter. Bank of Stockton now owns 16,296 shares of the e-commerce giant’s stock valued at $3,100,000 after acquiring an additional 1,436 shares in the last quarter. Atala Financial Inc grew its stake in Amazon.com by 3.4% in the first quarter. Atala Financial Inc now owns 12,653 shares of the e-commerce giant’s stock worth $2,409,000 after purchasing an additional 414 shares in the last quarter. Balefire LLC grew its stake in Amazon.com by 63.2% in the first quarter. Balefire LLC now owns 15,167 shares of the e-commerce giant’s stock worth $2,886,000 after purchasing an additional 5,876 shares in the last quarter. Western Financial Corp CA grew its stake in Amazon.com by 5.0% in the first quarter. Western Financial Corp CA now owns 2,923 shares of the e-commerce giant’s stock worth $556,000 after purchasing an additional 139 shares in the last quarter. Finally, KPP Advisory Services LLC grew its stake in Amazon.com by 22.2% in the first quarter. KPP Advisory Services LLC now owns 46,738 shares of the e-commerce giant’s stock worth $8,892,000 after purchasing an additional 8,493 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Benchmark reissued a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut their price target on Amazon.com from $287.00 to $206.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Royal Bank Of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a report on Friday, June 27th. 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. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $250.35.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company’s stock, valued at $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 733,195 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Up 1.0%

Shares of AMZN opened at $226.13 on Friday. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 1.69 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a 50-day moving average price of $213.50 and a two-hundred day moving average price of $208.59.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.