Amazon.com, Inc. (NASDAQ:AMZN) is S.E.E.D. Planning Group LLC’s 2nd Largest Position

S.E.E.D. Planning Group LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,764 shares of the e-commerce giant’s stock after acquiring an additional 3,730 shares during the quarter. Amazon.com accounts for approximately 4.7% of S.E.E.D. Planning Group LLC’s investment portfolio, making the stock its 2nd biggest position. S.E.E.D. Planning Group LLC’s holdings in Amazon.com were worth $14,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AMZN. Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter valued at about $27,266,582,000. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Capital World Investors boosted its stake in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock valued at $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.3%

Shares of AMZN stock opened at $217.61 on Wednesday. The business’s fifty day moving average price is $193.04 and its 200 day moving average price is $209.02. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market capitalization of $2.31 trillion, a PE ratio of 39.35, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Loop Capital boosted their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Bank of America boosted their target price on Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a research note on Monday, June 2nd. Wall Street Zen cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Telsey Advisory Group restated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Citizens Jmp decreased their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $244.89.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the sale, the chief executive officer now owns 506,974 shares of the company’s stock, valued at approximately $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 over the last quarter. Company insiders own 9.70% of the company’s stock.

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.