Defined Financial Planning LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,999 shares of the e-commerce giant’s stock after selling 508 shares during the quarter. Amazon.com accounts for 1.2% of Defined Financial Planning LLC’s holdings, making the stock its 23rd largest holding. Defined Financial Planning LLC’s holdings in Amazon.com were worth $1,358,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Nuveen LLC bought a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. increased its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi increased its stake in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $224.21 on Friday. The firm has a market cap of $2.39 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The firm’s fifty day moving average is $225.10 and its 200-day moving average is $213.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Stifel Nicolaus boosted their target price on shares of Amazon.com from $260.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Wedbush boosted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Bank of America boosted their target price on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $268.69.
Check Out Our Latest Stock Analysis on AMZN
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,911 shares of company stock valued at $21,765,202. 9.70% of the stock is owned by corporate insiders.
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.
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