Planning Directions Inc. Acquires 8 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Planning Directions Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211 shares of the e-commerce giant’s stock after acquiring an additional 8 shares during the quarter. Planning Directions Inc.’s holdings in Amazon.com were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. OLD Mission Capital LLC acquired a new position in shares of Amazon.com in the third quarter valued at $605,000. Newbridge Financial Services Group Inc. raised its stake in Amazon.com by 12.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,883 shares of the e-commerce giant’s stock worth $6,478,000 after acquiring an additional 201 shares in the last quarter. Meitav Dash Investments Ltd. raised its stake in Amazon.com by 13.6% during the second quarter. Meitav Dash Investments Ltd. now owns 12,944 shares of the e-commerce giant’s stock worth $44,531,000 after acquiring an additional 1,546 shares in the last quarter. C M Bidwell & Associates Ltd. raised its stake in Amazon.com by 20.6% during the second quarter. C M Bidwell & Associates Ltd. now owns 387 shares of the e-commerce giant’s stock worth $1,331,000 after acquiring an additional 66 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Amazon.com by 13.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 79,244 shares of the e-commerce giant’s stock worth $272,612,000 after acquiring an additional 9,236 shares in the last quarter. 56.96% of the stock is owned by institutional investors.

Several analysts have recently commented on the company. Credit Suisse Group decreased their target price on Amazon.com from $4,200.00 to $4,100.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. Jefferies Financial Group decreased their target price on Amazon.com from $4,200.00 to $4,000.00 and set a “buy” rating on the stock in a report on Friday, October 29th. Morgan Stanley increased their target price on Amazon.com from $4,000.00 to $4,200.00 and gave the stock an “overweight” rating in a report on Tuesday. Tigress Financial raised their price target on Amazon.com from $4,370.00 to $4,460.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. Finally, Barclays decreased their price target on Amazon.com from $4,130.00 to $3,800.00 and set an “overweight” rating on the stock in a report on Friday, October 29th. Forty investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $4,201.88.

NASDAQ AMZN opened at $3,242.76 on Friday. The stock’s 50-day moving average is $3,438.21 and its 200-day moving average is $3,427.83. Amazon.com, Inc. has a one year low of $2,881.00 and a one year high of $3,773.08. The firm has a market cap of $1.64 trillion, a P/E ratio of 63.43, a P/E/G ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.12 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, October 27th. The e-commerce giant reported $6.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.10 by ($2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The firm had revenue of $110.81 billion during the quarter, compared to analyst estimates of $111.66 billion. During the same period in the prior year, the business posted $12.37 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 40.79 EPS for the current year.

In other news, insider Jeffrey P. Bezos sold 50,034 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $3,319.45, for a total transaction of $166,085,361.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 34 shares of the business’s stock in a transaction on Wednesday, January 5th. The shares were sold at an average price of $3,337.66, for a total value of $113,480.44. The disclosure for this sale can be found here. In the last three months, insiders sold 86,314 shares of company stock worth $292,824,570. 14.00% of the stock is owned by insiders.

About Amazon.com

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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