Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Raised by Retirement Planning Group LLC

Retirement Planning Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,360 shares of the e-commerce giant's stock after acquiring an additional 2,837 shares during the quarter. Retirement Planning Group LLC's holdings in Amazon.com were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at $27,000. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc raised its holdings in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.3%

Shares of AMZN traded up $0.68 during midday trading on Thursday, hitting $207.91. The company had a trading volume of 51,794,788 shares, compared to its average volume of 42,029,545. The company's 50 day moving average price is $191.06 and its 200 day moving average price is $208.60. The stock has a market cap of $2.21 trillion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.50 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $212.00 price target (down previously from $215.00) on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Finally, BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $244.89.

Insider Activity

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the transaction, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. 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.