Mark Sheptoff Financial Planning LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 164 shares of the e-commerce giant’s stock after buying an additional 17 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Amazon.com were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laurel Wealth Planning LLC boosted its holdings in shares of Amazon.com by 57.1% in the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock valued at $76,000 after acquiring an additional 8 shares in the last quarter. Newfound Research LLC boosted its holdings in shares of Amazon.com by 62.5% in the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock valued at $89,000 after acquiring an additional 10 shares in the last quarter. Horan Securities Inc. boosted its holdings in shares of Amazon.com by 125.0% in the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after acquiring an additional 15 shares in the last quarter. Saban Cheryl bought a new position in shares of Amazon.com in the first quarter valued at approximately $102,000. Finally, regents capital Ltd bought a new position in shares of Amazon.com in the first quarter valued at approximately $105,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.
AMZN stock traded down $95.87 during midday trading on Tuesday, hitting $3,309.93. The stock had a trading volume of 112,990 shares, compared to its average volume of 3,460,439. The firm has a market cap of $1.68 trillion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.14. The business has a 50-day moving average of $3,415.36 and a two-hundred day moving average of $3,357.98. Amazon.com, Inc. has a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 0.99.
AMZN has been the topic of several analyst reports. Credit Suisse Group increased their price target on shares of Amazon.com from $4,000.00 to $4,850.00 and gave the stock an “outperform” rating in a research note on Monday, July 26th. Piper Sandler lowered their target price on shares of Amazon.com from $4,000.00 to $3,904.00 and set an “overweight” rating on the stock in a research note on Friday, July 30th. Argus restated a “buy” rating and issued a $4,000.00 price target on shares of Amazon.com in a research report on Friday, July 9th. Wedbush restated a “buy” rating and issued a $4,300.00 price target on shares of Amazon.com in a research report on Monday, July 26th. Finally, Morgan Stanley decreased their price target on shares of Amazon.com from $4,300.00 to $4,100.00 and set an “overweight” rating on the stock in a research report on Monday. One analyst has rated the stock with a hold rating and forty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $4,146.65.
In other Amazon.com news, VP Shelley Reynolds sold 222 shares of the firm’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $3,283.00, for a total transaction of $728,826.00. Following the completion of the transaction, the vice president now owns 6,211 shares in the company, valued at approximately $20,390,713. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David H. Clark sold 243 shares of the firm’s stock in a transaction that occurred on Wednesday, July 7th. The shares were sold at an average price of $3,717.29, for a total value of $903,301.47. The disclosure for this sale can be found here. Insiders sold 4,463 shares of company stock worth $14,784,642 in the last ninety days. Corporate insiders own 14.00% of the company’s stock.
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.
Recommended Story: Commodities
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.