Strategic Planning Group LLC Purchases 17,739 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Planning Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,759 shares of the e-commerce giant’s stock after purchasing an additional 17,739 shares during the quarter. Amazon.com accounts for 4.4% of Strategic Planning Group LLC’s investment portfolio, making the stock its 3rd biggest holding. Strategic Planning Group LLC’s holdings in Amazon.com were worth $18,175,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 86 shares during the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com in the fourth quarter worth $43,000. Harbor Investment Advisory LLC increased its stake in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth $46,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Raymond James upped their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a report on Wednesday, May 1st. Finally, Oppenheimer upped their price objective on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $215.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on 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 directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $197.85 on Friday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $199.84. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 55.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. 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 company’s 50 day simple moving average is $183.13 and its 200-day simple moving average is $172.43.

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