Summit Wealth & Retirement Planning Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Summit Wealth & Retirement Planning Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 508 shares of the e-commerce giant’s stock after selling 10 shares during the quarter. Summit Wealth & Retirement Planning Inc.’s holdings in Amazon.com were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Macroview Investment Management LLC boosted its stake in Amazon.com by 166.7% in the third quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 10 shares in the last quarter. NewSquare Capital LLC grew its stake in Amazon.com by 533.3% during the 4th quarter. NewSquare Capital LLC now owns 19 shares of the e-commerce giant’s stock worth $35,000 after buying an additional 16 shares during the last quarter. Birch Capital Management LLC acquired a new position in Amazon.com during the fourth quarter worth approximately $46,000. Pflug Koory LLC increased its position in Amazon.com by 30.8% during the fourth quarter. Pflug Koory LLC now owns 34 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 8 shares during the period. Finally, CXI Advisors purchased a new stake in Amazon.com in the fourth quarter valued at approximately $65,000. 58.14% of the stock is currently owned by institutional investors.

AMZN traded down $0.55 on Friday, hitting $1,883.75. 9,473,891 shares of the stock were exchanged, compared to its average volume of 4,839,895. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.10 and a quick ratio of 0.86. The firm has a market capitalization of $937.75 billion, a price-to-earnings ratio of 81.87, a PEG ratio of 2.65 and a beta of 1.58. Amazon.com, Inc. has a 12 month low of $1,586.57 and a 12 month high of $2,185.95. The business has a 50-day moving average of $1,986.64 and a two-hundred day moving average of $1,834.04.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, January 30th. The e-commerce giant reported $6.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.98 by $2.49. Amazon.com had a return on equity of 21.07% and a net margin of 4.13%. The company had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $86.09 billion. During the same quarter in the prior year, the firm posted $6.04 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 27.63 earnings per share for the current fiscal year.

In related news, VP Shelley Reynolds sold 380 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2,135.14, for a total value of $811,353.20. Following the transaction, the vice president now directly owns 6,307 shares in the company, valued at approximately $13,466,327.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2,125.02, for a total value of $3,750,660.30. Following the completion of the transaction, the chief financial officer now owns 2,980 shares in the company, valued at $6,332,559.60. The disclosure for this sale can be found here. Insiders sold 725,162 shares of company stock valued at $1,482,988,915 in the last ninety days. 16.10% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on AMZN. Sanford C. Bernstein started coverage on shares of Amazon.com in a research report on Thursday, January 9th. They set a “market perform” rating and a $2,050.00 target price on the stock. Edward Jones upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 31st. JMP Securities reissued an “outperform” rating and set a $2,450.00 price objective (up from $2,250.00) on shares of Amazon.com in a research report on Friday, January 31st. Finally, Aegis lifted their price objective on shares of Amazon.com from $2,100.00 to $2,525.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $2,319.76.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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

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