Total Wealth Planning & Management Inc. Purchases New Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Total Wealth Planning & Management Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,400 shares of the e-commerce giant's stock, valued at approximately $2,282,000. Amazon.com comprises 2.1% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $800,000. Capital & Planning LLC increased its position in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after buying an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC increased its position in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after buying an additional 860 shares during the last quarter. Reliant Investment Management LLC increased its position in Amazon.com by 1.8% in the fourth quarter. Reliant Investment Management LLC now owns 35,424 shares of the e-commerce giant's stock worth $7,772,000 after buying an additional 622 shares during the last quarter. Finally, ARS Investment Partners LLC increased its position in Amazon.com by 1.6% in the fourth quarter. ARS Investment Partners LLC now owns 201,970 shares of the e-commerce giant's stock worth $44,310,000 after buying an additional 3,178 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMZN. Needham & Company LLC reissued a "buy" rating and issued a $220.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Wedbush reiterated an "outperform" rating and issued a $235.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, February 10th. 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 note on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Stock Up 2.7%

Shares of AMZN opened at $213.57 on Friday. The firm has a market cap of $2.27 trillion, a P/E ratio of 38.62, a P/E/G ratio of 1.50 and a beta of 1.33. The stock has a 50 day simple moving average of $191.84 and a two-hundred day simple moving average of $208.71. 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, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

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

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction 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 represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 over the last three months. Company insiders own 9.70% of the company's stock.

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.

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