Falcon Wealth Planning Acquires 1,829 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Falcon Wealth Planning grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,691 shares of the e-commerce giant’s stock after purchasing an additional 1,829 shares during the period. Falcon Wealth Planning’s holdings in Amazon.com were worth $3,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMZN. Icon Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at about $45,000. Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter worth approximately $56,000. Finally, Harbor Investment Advisory LLC increased its holdings in Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after purchasing an additional 3,055 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wolfe Research raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Redburn Atlantic raised their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Amazon.com from $212.00 to $207.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $228.68 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock’s 50-day simple moving average is $228.21 and its 200-day simple moving average is $202.55. The company has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 41.35, a PEG ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,611 shares of company stock worth $11,122,402. Insiders own 10.80% of the company’s stock.

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.