Stonebridge Financial Planning Group LLC Acquires 120 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Posted by on Aug 14th, 2023

Stonebridge Financial Planning Group LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 26,643 shares of the e-commerce giant’s stock after acquiring an additional 120 shares during the period. Amazon.com comprises 1.8% of Stonebridge Financial Planning Group LLC’s portfolio, making the stock its 14th biggest position. Stonebridge Financial Planning Group LLC’s holdings in Amazon.com were worth $2,752,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMZN. St. James Investment Advisors LLC increased its holdings in shares of Amazon.com by 97.7% during the 4th quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Laurel Wealth Planning LLC lifted its position in shares of 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 acquiring an additional 304 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the 4th quarter valued at $37,000. Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $38,000. Finally, Ruedi Wealth Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter valued at $40,000. Institutional investors own 56.67% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $138.41 on Monday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $146.57. The stock’s fifty day moving average is $130.09 and its 200 day moving average is $112.73. The stock has a market cap of $1.42 trillion, a P/E ratio of 108.99, a P/E/G ratio of 1.90 and a beta of 1.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMZN shares. Susquehanna upped their target price on Amazon.com from $150.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, August 4th. Morgan Stanley upped their price objective on Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Bank of America upped their price objective on Amazon.com from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Sanford C. Bernstein upped their price objective on Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Finally, Telsey Advisory Group upped their price objective on Amazon.com from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.46.

Check Out Our Latest Stock Report on Amazon.com

Insider Buying and Selling

In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $141.00, for a total value of $7,050,000.00. Following the completion of the transaction, the chief executive officer now directly owns 510,301 shares in the company, valued at $71,952,441. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,289,545 shares of company stock valued at $37,421,157. 12.30% of the stock is owned by company insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

See Also

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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