Retirement Planning Co of New England Inc. Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Planning Co of New England Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,021 shares of the e-commerce giant’s stock after buying an additional 2,920 shares during the quarter. Amazon.com accounts for approximately 2.0% of Retirement Planning Co of New England Inc.’s holdings, making the stock its 7th largest position. Retirement Planning Co of New England Inc.’s holdings in Amazon.com were worth $3,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. King Wealth lifted its holdings in shares of Amazon.com by 4.6% during the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after buying an additional 1,296 shares during the period. Ascension Asset Management LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth $2,001,000. SP Asset Management LLC increased its stake in shares of Amazon.com by 2.6% in the 2nd quarter. SP Asset Management LLC now owns 129,316 shares of the e-commerce giant’s stock worth $16,858,000 after purchasing an additional 3,293 shares in the last quarter. Register Financial Advisors LLC increased its stake in shares of Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after purchasing an additional 657 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of Amazon.com by 1.0% in the 3rd quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after purchasing an additional 148 shares in the last quarter. 57.96% of the stock is owned by institutional investors.

Amazon.com Trading Up 1.9 %

AMZN opened at $176.82 on Friday. The firm has a market cap of $1.84 trillion, a price-to-earnings ratio of 60.97, a PEG ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $88.12 and a 12 month high of $180.14. The stock has a fifty day moving average price of $163.08 and a 200-day moving average price of $147.16.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Truist Financial increased their price target on Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt raised their price objective on Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average target price of $197.95.

Get Our Latest Analysis on AMZN

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares in the company, valued at $17,265,892.80. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock valued at $5,505,209,706 in the last ninety days. Corporate insiders own 12.30% of the company’s stock.

Amazon.com Profile

(Free Report)

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.

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

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