Ignite Planners LLC Trims Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Ignite Planners LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,353 shares of the e-commerce giant’s stock after selling 5,881 shares during the period. Amazon.com accounts for about 1.5% of Ignite Planners LLC’s investment portfolio, making the stock its 9th largest position. Ignite Planners LLC’s holdings in Amazon.com were worth $5,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Mayflower Financial Advisors LLC raised its position in shares of Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 572 shares during the last quarter. PayPay Securities Corp raised its position in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. Laurel Wealth Planning LLC raised its position in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. Institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,210,010 shares of company stock valued at $5,505,133,106. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN stock opened at $178.15 on Thursday. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 61.43, a PEG ratio of 1.52 and a beta of 1.17. The firm has a 50-day simple moving average of $167.29 and a two-hundred day simple moving average of $149.61. Amazon.com, Inc. has a one year low of $96.29 and a one year high of $180.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMZN shares. Royal Bank of Canada raised their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Needham & Company LLC raised their target price on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Robert W. Baird raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Telsey Advisory Group raised their target price on shares of Amazon.com from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment 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 MarketBeat, the company presently has an average rating of “Buy” and an average target price of $197.95.

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.