Vertex Planning Partners LLC Acquires 133 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Vertex Planning Partners LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,883 shares of the e-commerce giant’s stock after acquiring an additional 133 shares during the period. Vertex Planning Partners LLC’s holdings in Amazon.com were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Whalen Wealth Management Inc. lifted its position in shares of Amazon.com by 10.0% during the third quarter. Whalen Wealth Management Inc. now owns 22,296 shares of the e-commerce giant’s stock valued at $4,154,000 after buying an additional 2,022 shares during the last quarter. Belmont Capital LLC boosted its stake in Amazon.com by 4.3% in the 3rd quarter. Belmont Capital LLC now owns 153,726 shares of the e-commerce giant’s stock worth $28,644,000 after purchasing an additional 6,366 shares in the last quarter. Knuff & Co LLC boosted its stake in Amazon.com by 5.1% in the 3rd quarter. Knuff & Co LLC now owns 44,503 shares of the e-commerce giant’s stock worth $8,292,000 after purchasing an additional 2,169 shares in the last quarter. Caprock Group LLC acquired a new stake in Amazon.com in the 3rd quarter worth approximately $53,577,000. Finally, Lindenwold Advisors INC boosted its stake in Amazon.com by 1.0% in the 3rd quarter. Lindenwold Advisors INC now owns 21,197 shares of the e-commerce giant’s stock worth $3,950,000 after purchasing an additional 202 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush upped their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Redburn Atlantic raised their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

Amazon.com Trading Down 1.1 %

Shares of NASDAQ AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The company has a market cap of $2.33 trillion, a PE ratio of 47.39, a P/E/G 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. The company has a 50-day moving average of $209.73 and a two-hundred day moving average of $192.89.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company 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 company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 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.