Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Resource Planning Group

Resource Planning Group increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2,106.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,140 shares of the e-commerce giant’s stock after purchasing an additional 2,043 shares during the quarter. Resource Planning Group’s holdings in Amazon.com were worth $227,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Amazon.com by 1,923.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,747,428 shares of the e-commerce giant’s stock valued at $2,947,054,000 after acquiring an additional 26,375,927 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Amazon.com by 1,895.2% during the second quarter. New York State Teachers Retirement System now owns 10,349,048 shares of the e-commerce giant’s stock valued at $1,099,172,000 after acquiring an additional 9,830,359 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Amazon.com by 1,539.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,633,606 shares of the e-commerce giant’s stock valued at $1,023,183,000 after acquiring an additional 9,046,135 shares during the last quarter. Alecta Tjanstepension Omsesidigt raised its holdings in shares of Amazon.com by 2,050.2% during the second quarter. Alecta Tjanstepension Omsesidigt now owns 9,448,000 shares of the e-commerce giant’s stock valued at $1,004,228,000 after acquiring an additional 9,008,600 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Amazon.com by 2,197.2% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,568,862 shares of the e-commerce giant’s stock valued at $910,099,000 after acquiring an additional 8,195,847 shares during the last quarter. Institutional investors and hedge funds own 57.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 345 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $102.00, for a total transaction of $35,190.00. Following the transaction, the chief executive officer now owns 112,795 shares of the company’s stock, valued at $11,505,090. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $16,078,069.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 345 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $102.00, for a total value of $35,190.00. Following the completion of the sale, the chief executive officer now directly owns 112,795 shares in the company, valued at approximately $11,505,090. The disclosure for this sale can be found here. Insiders have sold a total of 287,913 shares of company stock valued at $10,977,635 over the last quarter. 12.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent research reports. Raymond James cut their price target on Amazon.com from $164.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Cowen cut their price target on Amazon.com from $195.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Robert W. Baird cut their price target on Amazon.com from $150.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Itaú Unibanco initiated coverage on Amazon.com in a report on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 price target for the company. Finally, Sanford C. Bernstein cut their price target on Amazon.com from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $151.59.

Amazon.com Stock Down 2.3 %

AMZN opened at $98.49 on Tuesday. The business’s 50-day simple moving average is $113.35 and its 200-day simple moving average is $117.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. Amazon.com, Inc. has a one year low of $85.87 and a one year high of $188.11. The stock has a market capitalization of $1.00 trillion, a P/E ratio of 90.40, a price-to-earnings-growth ratio of 8.00 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the company posted $0.31 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 0.62 EPS for the current year.

About Amazon.com

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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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