Amazon.com, Inc. (NASDAQ:AMZN) Decrease in stock position by Retirement Planning Group

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Retirement Planning Group reduced its position in equity Amazon.com, Inc. (NASDAQ: AMZN) by 29.7% in the first quarter, Participation channel reports. The company held 223 shares of the e-commerce giant after selling 94 shares during the period. Retirement Planning Group’s holdings on Amazon.com were worth $726,000 when it last filed with the SEC.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Atlas Private Wealth Advisors bought a new equity stake in Amazon.com during Q1 worth approximately $6,229,000. MCIA Inc increased its stake in Amazon.com shares by 9.0% in Q1. MCIA Inc now owns 1,495 shares of the e-commerce giant valued at $4,517,000 after acquiring 124 more shares last quarter. Legacy Private Trust Co. increased its stake in Amazon.com shares by 60.0% in Q1. Legacy Private Trust Co. now owns 4,058 shares of the e-commerce giant valued at $13,229,000 after acquiring an additional 1,522 shares last quarter. Gilman Hill Asset Management LLC increased its stake in Amazon.com shares by 10.5% in Q4. Gilman Hill Asset Management LLC now owns 749 shares of the e-commerce giant valued at $2,497,000 after acquiring 71 additional shares last quarter. Finally, Investors Research Corp increased its stake in Amazon.com shares by 96.0% in the 1st quarter. Investors Research Corp now owns 390 shares of the e-commerce giant valued at $1,271,000 after acquiring 191 additional shares last quarter. 72.51% of the shares are held by institutional investors.

In related news, CEO Andrew R. Jassy sold 1,181 shares of the company in a trade dated Monday, May 16. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the CEO now owns 92,781 shares of the company, valued at $209,870,622. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Additionally, CEO David H. Clark sold 2,270 shares of the company in a trade dated Monday, May 23. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the CEO now owns 6,695 shares of the company, valued at approximately $14,522,927.90. Disclosure of this sale can be found here. Insiders sold 4,803 shares of the company valued at $10,528,337 during the last quarter. 12.70% of the shares are currently held by company insiders.

AMZN Stock opened at $113.50 on Wednesday. The company has a market capitalization of $1.15 trillion, a P/E ratio of 54.79, a PEG ratio of 3.50 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $101.26 and a 12-month high of $188.65. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt ratio of 0.35. The company has a fifty-day moving average of $113.86 and a 200-day moving average of $141.37.

Amazon.com (NASDAQ: AMZNGet a rating) last released its results on Thursday, April 28. The e-commerce giant reported earnings per share of $0.21 for the quarter, missing analyst consensus estimates of $0.44 per ($0.23). The company posted revenue of $116.44 billion for the quarter, versus a consensus estimate of $116.52 billion. Amazon.com had a return on equity of 21.60% and a net margin of 4.48%. The company’s revenue increased by 7.3% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.79. As a group, stock research analysts expect Amazon.com, Inc. to post 1.17 earnings per share for the current fiscal year.

A number of research analysts have weighed in on AMZN shares recently. MKM Partners reduced its price target on Amazon.com from $205.00 to $200.00 and set a “buy” rating on the stock in a Wednesday, April 20 research note. Rosenblatt Securities began its coverage on Amazon.com in a research note on Tuesday, April 19. They issued a “neutral” rating and a price target of $150.00 on the stock. Truist Financial reissued a “buy” rating and posted a $175.00 price target on Amazon.com stock in a research note on Friday, June 17. StockNews.com downgraded Amazon.com from a “hold” rating to a “sell” rating in a Wednesday, June 15 report. Finally, Monness Crespi & Hardt lowered its target price on Amazon.com from $225.00 to $185.00 and set a “buy” rating on the stock in a Friday, April 29 report. Three investment analysts gave the stock a sell rating, one gave the company a hold rating and thirty-eight gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $185.79.

Amazon.co.uk profile (Get a rating)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The Company operates through three segments: North America, International and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional ownership by quarter for Amazon.com (NASDAQ:AMZN)



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