Capasso Planning Partners LLC Sells 2,546 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Capasso Planning Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,644 shares of the e-commerce giant’s stock after selling 2,546 shares during the period. Capasso Planning Partners LLC’s holdings in Amazon.com were worth $1,983,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Inspire Trust Co. N.A. increased its stake in shares of Amazon.com by 13.4% in the third quarter. Inspire Trust Co. N.A. now owns 17,405 shares of the e-commerce giant’s stock worth $3,243,000 after purchasing an additional 2,054 shares in the last quarter. Franklin Resources Inc. increased its stake in Amazon.com by 0.5% in the 3rd quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock worth $8,843,714,000 after buying an additional 257,072 shares in the last quarter. Asset Advisors Investment Management LLC increased its stake in Amazon.com by 1.3% in the 3rd quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant’s stock worth $21,776,000 after buying an additional 1,499 shares in the last quarter. Tri Ri Asset Management Corp bought a new stake in Amazon.com during the third quarter valued at about $9,821,000. Finally, Optimist Retirement Group LLC purchased a new position in shares of Amazon.com in the third quarter valued at about $8,942,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $225.94 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $2.38 trillion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The firm’s 50 day simple moving average is $217.56 and its 200-day simple moving average is $196.10. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 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 the consensus estimate of $157.28 billion. During the same period last year, the business posted $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. Wolfe Research increased their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their target price on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Piper Sandler upped their target price on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $245.65.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were 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 of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Company 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.