Forbes Financial Planning Inc. Cuts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Forbes Financial Planning Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,900 shares of the e-commerce giant’s stock after selling 220 shares during the period. Amazon.com makes up about 0.4% of Forbes Financial Planning Inc.’s holdings, making the stock its 24th largest position. Forbes Financial Planning Inc.’s holdings in Amazon.com were worth $560,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Garrison Point Advisors LLC boosted its stake in shares of Amazon.com by 0.3% in the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares during the period. Meridian Investment Counsel Inc. lifted its holdings in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the last quarter. Stordahl Capital Management Inc. grew its stake in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares in the last quarter. Finally, Lutz Financial Services LLC increased its position in shares of Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. Bank of America reduced their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Rosenblatt Securities raised their price target on shares of Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. TD Securities increased their price objective on shares of Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $222.49.

Amazon.com Stock Down 0.9 %

Amazon.com stock opened at $184.89 on Tuesday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 51.79, a PEG ratio of 1.39 and a beta of 1.14. The company’s 50-day moving average price is $179.22 and its two-hundred day moving average price is $181.74. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Amazon.com Company 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.