Consolidated Planning Corp Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Consolidated Planning Corp grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,912 shares of the e-commerce giant’s stock after purchasing an additional 2,309 shares during the period. Amazon.com makes up about 1.1% of Consolidated Planning Corp’s holdings, making the stock its 23rd biggest position. Consolidated Planning Corp’s holdings in Amazon.com were worth $7,437,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. Western Pacific Wealth Management LP grew its stake in shares of Amazon.com by 0.6% during the 3rd quarter. Western Pacific Wealth Management LP now owns 40,648 shares of the e-commerce giant’s stock worth $7,574,000 after purchasing an additional 224 shares during the period. Global Strategic Investment Solutions LLC boosted its holdings in Amazon.com by 5.7% during the third quarter. Global Strategic Investment Solutions LLC now owns 7,469 shares of the e-commerce giant’s stock worth $1,392,000 after buying an additional 400 shares in the last quarter. Valley Brook Capital Group Inc. grew its position in Amazon.com by 5.5% during the third quarter. Valley Brook Capital Group Inc. now owns 13,429 shares of the e-commerce giant’s stock worth $2,502,000 after buying an additional 695 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in Amazon.com by 6.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 254,047 shares of the e-commerce giant’s stock valued at $47,337,000 after buying an additional 14,814 shares in the last quarter. Finally, Ascent Wealth Partners LLC lifted its position in shares of Amazon.com by 0.4% during the 3rd quarter. Ascent Wealth Partners LLC now owns 44,490 shares of the e-commerce giant’s stock valued at $8,290,000 after acquiring an additional 199 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMZN shares. Mizuho upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Robert W. Baird raised their price target on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Redburn Atlantic boosted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Maxim Group increased their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.67.

Amazon.com Price Performance

AMZN stock opened at $232.93 on Tuesday. The stock has a 50-day moving average price of $202.70 and a two-hundred day moving average price of $190.16. The company has a market cap of $2.45 trillion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

About Amazon.com

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.