Mark Sheptoff Financial Planning LLC Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Mark Sheptoff Financial Planning LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 45.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,507 shares of the e-commerce giant’s stock after selling 4,675 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Amazon.com were worth $1,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares during the period. PayPay Securities Corp increased its holdings in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com in the 3rd quarter worth $45,000. Finally, Values First Advisors Inc. bought a new position in Amazon.com in the 3rd quarter worth $56,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. UBS Group upped their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities increased their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Telsey Advisory Group lifted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Roth Mkm increased their price target on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.67.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’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 completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $222.13 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The firm has a 50-day moving average of $215.78 and a two-hundred day moving average of $195.11. Amazon.com, Inc. has a 1 year low of $148.21 and a 1 year high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share 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.