Planning Center Inc. Has $1.99 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Planning Center Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,432 shares of the e-commerce giant's stock after purchasing an additional 1,122 shares during the period. Amazon.com accounts for approximately 0.2% of Planning Center Inc.'s holdings, making the stock its 23rd biggest position. Planning Center Inc.'s holdings in Amazon.com were worth $1,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth about $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc raised its position in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Compass Planning Associates Inc bought a new stake in shares of Amazon.com during the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $54,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.4%

AMZN traded up $3.18 during trading on Wednesday, reaching $222.54. The company had a trading volume of 38,059,198 shares, compared to its average volume of 42,075,237. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business's fifty day moving average price is $208.56 and its 200 day moving average price is $208.68. The company has a market cap of $2.36 trillion, a P/E ratio of 36.24, a PEG ratio of 1.65 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The business's revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 3,100,000 shares of Amazon.com stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $221.42, for a total value of $686,402,000.00. Following the sale, the insider directly owned 905,679,901 shares in the company, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,401,408 shares of company stock valued at $1,423,159,137. 9.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMZN. Rosenblatt Securities boosted their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $212.00 target price (down from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Three research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.41.

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.