Amazon.com, Inc. $AMZN is Total Wealth Planning & Management Inc.’s 3rd Largest Position

Total Wealth Planning & Management Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,505 shares of the e-commerce giant’s stock after purchasing an additional 1,168 shares during the period. Amazon.com comprises 2.3% of Total Wealth Planning & Management Inc.’s portfolio, making the stock its 3rd largest position. Total Wealth Planning & Management Inc.’s holdings in Amazon.com were worth $2,963,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $230.30 on Thursday. The company’s 50 day simple moving average is $225.17 and its 200-day simple moving average is $215.34. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. Pivotal Research boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Monness Crespi & Hardt upped their price target on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. HSBC increased their price objective on Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, CIBC raised their target price on Amazon.com to $315.00 in a report on Monday, October 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $268.54.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares in the company, valued at approximately $115,354,761.34. The trade was a 1.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,911 shares of company stock worth $21,765,202 over the last three months. Company insiders own 9.70% of the company’s stock.

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.