Comprehensive Financial Planning Inc. PA Makes New Investment in Amazon.com, Inc. (NASDAQ:AMZN)
Comprehensive Financial Planning Inc. PA bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,438 shares of the e-commerce giant's stock, valued at approximately $2,729,000. Amazon.com comprises about 2.3% of Comprehensive Financial Planning Inc. PA's investment portfolio, making the stock its 10th biggest holding.
Other hedge funds also recently made changes to their positions in the company. Quattro Financial Advisors LLC lifted its holdings in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock valued at $1,889,000 after acquiring an additional 48 shares during the last quarter. Semus Wealth Partners LLC raised its position in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. GGM Financials LLC lifted its stake in Amazon.com by 2.1% during the fourth quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant's stock worth $540,000 after purchasing an additional 50 shares during the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after purchasing an additional 51 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on the company. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Wedbush reissued an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Sanford C. Bernstein increased their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Finally, Wolfe Research boosted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $260.65.
Get Our Latest Analysis on Amazon.com
Shares of NASDAQ AMZN opened at $199.25 on Friday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a 50-day moving average of $224.11 and a 200 day moving average of $206.61. The stock has a market cap of $2.11 trillion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.
Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is owned by insiders.
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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