Retirement Planning Co of New England Inc. Has $4.03 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Retirement Planning Co of New England Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,844 shares of the e-commerce giant’s stock after selling 1,065 shares during the quarter. Amazon.com makes up about 2.2% of Retirement Planning Co of New England Inc.’s portfolio, making the stock its 4th biggest position. Retirement Planning Co of New England Inc.’s holdings in Amazon.com were worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mystic Asset Management Inc. increased its holdings in shares of Amazon.com by 1.6% in the 2nd quarter. Mystic Asset Management Inc. now owns 17,034 shares of the e-commerce giant’s stock valued at $3,292,000 after acquiring an additional 274 shares during the period. Hanson & Doremus Investment Management increased its holdings in shares of Amazon.com by 1.6% in the 2nd quarter. Hanson & Doremus Investment Management now owns 30,202 shares of the e-commerce giant’s stock valued at $5,836,000 after acquiring an additional 479 shares during the period. Spectrum Wealth Counsel LLC grew its stake in Amazon.com by 11.0% during the 2nd quarter. Spectrum Wealth Counsel LLC now owns 58,018 shares of the e-commerce giant’s stock worth $11,212,000 after buying an additional 5,760 shares during the last quarter. Ogorek Anthony Joseph NY ADV grew its stake in Amazon.com by 1.2% during the 2nd quarter. Ogorek Anthony Joseph NY ADV now owns 9,621 shares of the e-commerce giant’s stock worth $1,859,000 after buying an additional 112 shares during the last quarter. Finally, Element Capital Management LLC grew its stake in Amazon.com by 250.3% during the 2nd quarter. Element Capital Management LLC now owns 104,950 shares of the e-commerce giant’s stock worth $20,282,000 after buying an additional 74,986 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Bank of America dropped their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Truist Financial boosted their target price on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group lowered their price target on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock valued at $9,877,423 over the last quarter. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $187.69 on Wednesday. The stock’s 50-day moving average is $180.63 and its two-hundred day moving average is $183.30. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.57, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Amazon.com Profile

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.