Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Planning Directions Inc.

Planning Directions Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6,572.4% during the second quarter, HoldingsChannel reports. The fund owned 7,740 shares of the e-commerce giant’s stock after buying an additional 7,624 shares during the period. Amazon.com comprises approximately 0.6% of Planning Directions Inc.’s investment portfolio, making the stock its 26th biggest holding. Planning Directions Inc.’s holdings in Amazon.com were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Savior LLC boosted its position in Amazon.com by 1,085.0% during the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 217 shares in the last quarter. Rocky Mountain Advisers LLC boosted its position in Amazon.com by 1,311.8% during the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. boosted its position in Amazon.com by 1,900.0% during the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 285 shares in the last quarter. West Financial Advisors LLC boosted its position in Amazon.com by 1,584.2% during the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in Amazon.com during the first quarter worth $38,000. Institutional investors and hedge funds own 57.15% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their target price on Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Robert W. Baird reduced their price objective on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. MKM Partners reduced their price objective on Amazon.com to $145.00 in a research report on Tuesday, November 1st. Morgan Stanley reduced their price objective on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, Oppenheimer reduced their price objective on Amazon.com from $165.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $150.77.

Insider Activity

In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the transaction, the director now owns 22,440 shares of the company’s stock, valued at $2,147,508. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total value of $1,627,639.70. Following the completion of the transaction, the chief executive officer now owns 522,251 shares of the company’s stock, valued at $53,844,078.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at approximately $2,147,508. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,412 shares of company stock worth $7,914,139. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $93.20 on Wednesday. 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 1 year low of $85.87 and a 1 year high of $181.68. The firm has a market cap of $950.79 billion, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23. The stock has a 50-day simple moving average of $109.13 and a 200-day simple moving average of $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Amazon.com Company Profile

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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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