Elser Financial Planning Inc Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Elser Financial Planning Inc boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,067 shares of the e-commerce giant’s stock after acquiring an additional 289 shares during the period. Elser Financial Planning Inc’s holdings in Amazon.com were worth $1,112,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMZN. AMF Tjanstepension AB lifted its holdings in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after buying an additional 811,425 shares during the period. Keeler & Nadler Financial Planning & Wealth Management raised its position in shares of Amazon.com by 12.0% in the 3rd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 3,560 shares of the e-commerce giant’s stock worth $663,000 after acquiring an additional 381 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Amazon.com by 19.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 29,241 shares of the e-commerce giant’s stock valued at $5,448,000 after purchasing an additional 4,721 shares during the period. LifePro Asset Management boosted its position in shares of Amazon.com by 74.3% during the third quarter. LifePro Asset Management now owns 6,484 shares of the e-commerce giant’s stock valued at $1,208,000 after purchasing an additional 2,765 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $6,056,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $199.25 on Friday. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19. The stock has a 50-day moving average of $224.11 and a 200 day moving average of $206.61. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the transaction, the senior vice president now directly owns 69,162 shares in the company, valued at $15,265,436.64. This represents a 7.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Barclays upped their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.