Spartan Planning & Wealth Management Has $1.93 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Spartan Planning & Wealth Management lessened its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 41.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,119 shares of the e-commerce giant's stock after selling 7,067 shares during the period. Amazon.com comprises 1.9% of Spartan Planning & Wealth Management's portfolio, making the stock its 16th largest holding. Spartan Planning & Wealth Management's holdings in Amazon.com were worth $1,925,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. S.E.E.D. Planning Group LLC increased its stake in Amazon.com by 5.3% in the first quarter. S.E.E.D. Planning Group LLC now owns 73,764 shares of the e-commerce giant's stock valued at $14,034,000 after purchasing an additional 3,730 shares during the last quarter. Private Client Services LLC boosted its stake in Amazon.com by 1.5% in the 1st quarter. Private Client Services LLC now owns 9,325 shares of the e-commerce giant's stock worth $1,774,000 after buying an additional 139 shares during the last quarter. Global Financial Private Client LLC grew its holdings in Amazon.com by 31.6% in the 1st quarter. Global Financial Private Client LLC now owns 9,182 shares of the e-commerce giant's stock valued at $1,747,000 after buying an additional 2,204 shares during the period. Welch Group LLC increased its stake in shares of Amazon.com by 1.3% during the 1st quarter. Welch Group LLC now owns 58,213 shares of the e-commerce giant's stock valued at $11,219,000 after acquiring an additional 775 shares during the last quarter. Finally, Tompkins Financial Corp lifted its holdings in shares of Amazon.com by 1.1% during the 1st quarter. Tompkins Financial Corp now owns 77,935 shares of the e-commerce giant's stock worth $14,828,000 after acquiring an additional 866 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AMZN shares. Barclays lowered their target price on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reduced their price target on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. DA Davidson lowered their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley cut their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $244.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Insiders sold 102,037 shares of company stock valued at $20,531,075 in the last ninety days. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

AMZN traded down $1.14 during trading on Friday, reaching $212.10. 29,277,916 shares of the company were exchanged, compared to its average volume of 42,102,622. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $194.64 and a 200 day moving average of $209.13. The stock has a market cap of $2.25 trillion, a P/E ratio of 38.35, a PEG ratio of 1.50 and a beta of 1.33.

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

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.