Retirement Planning Group LLC NY Takes Position in Amazon.com, Inc. $AMZN

Retirement Planning Group LLC NY purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,660 shares of the e-commerce giant’s stock, valued at approximately $584,000.

A number of other institutional investors have also recently bought and sold shares of the business. Cooksen Wealth LLC increased its position in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares during the period. PayPay Securities Corp grew its stake in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after buying an additional 96 shares in the last quarter. Access Investment Management LLC bought a new position in Amazon.com in the 2nd quarter valued at about $74,000. Sagard Holdings Management Inc. bought a new position in Amazon.com in the 2nd quarter valued at about $79,000. Finally, MJT & Associates Financial Advisory Group Inc. raised its position in shares of Amazon.com by 17.1% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 363 shares of the e-commerce giant’s stock valued at $80,000 after buying an additional 53 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AMZN shares. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $301.00 target price (up previously from $295.00) on shares of Amazon.com in a report on Monday, January 12th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price target (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday. Finally, Arete Research raised their price objective on Amazon.com from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.91.

Get Our Latest Analysis on Amazon.com

Insider Buying and Selling

In other Amazon.com news, Director Keith Brian Alexander sold 900 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director owned 7,170 shares in the company, valued at approximately $1,670,610. The trade was a 11.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 49,561 shares of company stock valued at $10,989,862 over the last quarter. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.0%

Shares of NASDAQ AMZN opened at $239.30 on Friday. The company has a 50 day simple moving average of $233.50 and a 200 day simple moving average of $229.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The firm has a market cap of $2.56 trillion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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