Abacus Planning Group Inc. Sells 885 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Abacus Planning Group Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,442 shares of the e-commerce giant’s stock after selling 885 shares during the period. Amazon.com comprises approximately 4.5% of Abacus Planning Group Inc.’s investment portfolio, making the stock its 5th biggest position. Abacus Planning Group Inc.’s holdings in Amazon.com were worth $23,168,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Collective Family Office LLC raised its stake in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after acquiring an additional 819 shares during the last quarter. Members Trust Co raised its position in Amazon.com by 8.9% during the 4th quarter. Members Trust Co now owns 4,157 shares of the e-commerce giant’s stock worth $638,000 after purchasing an additional 341 shares during the last quarter. Cherrydale Wealth Management LLC lifted its holdings in Amazon.com by 14.7% during the 4th quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the period. Tompkins Financial Corp grew its position in shares of Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after buying an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. increased its stake in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock valued at $89,628,000 after buying an additional 26,465 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Telsey Advisory Group upped their target price on Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Mizuho increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Finally, UBS Group lifted their price objective on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $215.74.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 3.9 %

Shares of Amazon.com stock opened at $193.61 on Thursday. The firm has a market cap of $2.01 trillion, a PE ratio of 54.23, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $194.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a fifty day moving average price of $182.88 and a 200-day moving average price of $172.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com 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.