Resource Planning Group grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,155 shares of the e-commerce giant’s stock after buying an additional 1,005 shares during the period. Resource Planning Group’s holdings in Amazon.com were worth $265,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. Retirement Financial Solutions LLC bought a new position in Amazon.com in the 4th quarter worth approximately $32,000. Laurel Wealth Planning LLC grew its holdings in Amazon.com by 1,900.0% during the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. Finally, Cowa LLC purchased a new position in shares of Amazon.com in the third quarter worth $40,000. 57.64% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Stock Down 0.7 %
AMZN opened at $106.21 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a market cap of $1.09 trillion, a PE ratio of -396.29, a price-to-earnings-growth ratio of 3.95 and a beta of 1.26. The company has a 50-day moving average price of $98.49 and a 200 day moving average price of $97.44.
Insider Buying and Selling at Amazon.com
In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares of the company’s stock, valued at $54,478,861.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the transaction, the chief executive officer now directly owns 529,435 shares in the company, valued at approximately $54,478,861.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,713 shares of company stock worth $7,739,103. Corporate insiders own 12.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on AMZN. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target on shares of Amazon.com in a report on Thursday, April 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Amazon.com in a report on Wednesday, April 12th. Finally, New Street Research began coverage on shares of Amazon.com in a report on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target for the company. Three research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.44.
About Amazon.com
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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