Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lowered by Asset Planning Services Inc. LA ADV

Posted by Defense World Staff on Oct 17th, 2023

Asset Planning Services Inc. LA ADV lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,510 shares of the e-commerce giant’s stock after selling 450 shares during the period. Amazon.com accounts for 3.7% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 9th largest position. Asset Planning Services Inc. LA ADV’s holdings in Amazon.com were worth $5,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMZN. Golden State Equity Partners lifted its holdings in Amazon.com by 162.4% during the 2nd quarter. Golden State Equity Partners now owns 47,315 shares of the e-commerce giant’s stock worth $6,168,000 after purchasing an additional 29,281 shares in the last quarter. Next Level Private LLC bought a new position in Amazon.com in the 2nd quarter worth about $1,044,000. Mayfair Advisory Group LLC increased its stake in Amazon.com by 12.0% in the 1st quarter. Mayfair Advisory Group LLC now owns 4,561 shares of the e-commerce giant’s stock worth $468,000 after acquiring an additional 488 shares during the last quarter. Little House Capital LLC increased its stake in Amazon.com by 6.3% in the 1st quarter. Little House Capital LLC now owns 37,942 shares of the e-commerce giant’s stock worth $3,919,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in Amazon.com by 8.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 90,790 shares of the e-commerce giant’s stock worth $9,378,000 after acquiring an additional 7,285 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup upped their target price on Amazon.com from $145.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Wedbush restated an “outperform” rating and issued a $180.00 target price on shares of Amazon.com in a research note on Monday, September 25th. Stifel Nicolaus increased their price objective on Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 4th. CICC Research assumed coverage on Amazon.com in a report on Sunday, July 9th. They set an “outperform” rating on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $175.00 price objective on shares of Amazon.com in a report on Monday. Two research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.94.

View Our Latest Stock Analysis on Amazon.com

Amazon.com Trading Up 2.1 %

Amazon.com stock opened at $132.55 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $134.24 and its two-hundred day simple moving average is $124.37. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $145.86. The company has a market capitalization of $1.37 trillion, a price-to-earnings ratio of 104.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion during the quarter, compared to analysts’ expectations of $131.54 billion. As a group, equities analysts predict that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $126.64, for a total value of $63,320.00. Following the completion of the transaction, the chief executive officer now owns 105,520 shares in the company, valued at $13,363,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $126.64, for a total value of $63,320.00. Following the sale, the chief executive officer now owns 105,520 shares of the company’s stock, valued at approximately $13,363,052.80. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,207,763 over the last quarter. 12.30% of the stock is currently owned by insiders.

About Amazon.com

(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.