Fiduciary Planning LLC Acquires 4,033 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Fiduciary Planning LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 83.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,892 shares of the e-commerce giant’s stock after buying an additional 4,033 shares during the quarter. Amazon.com accounts for about 0.6% of Fiduciary Planning LLC’s portfolio, making the stock its 26th largest holding. Fiduciary Planning LLC’s holdings in Amazon.com were worth $1,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lafayette Investments Inc. raised its position in shares of Amazon.com by 13.5% in the 3rd quarter. Lafayette Investments Inc. now owns 16,664 shares of the e-commerce giant’s stock valued at $3,105,000 after buying an additional 1,978 shares in the last quarter. Commonwealth Financial Services LLC raised its position in shares of Amazon.com by 8.5% in the 3rd quarter. Commonwealth Financial Services LLC now owns 11,349 shares of the e-commerce giant’s stock valued at $2,101,000 after buying an additional 891 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in shares of Amazon.com by 2.2% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 27,710 shares of the e-commerce giant’s stock valued at $5,163,000 after buying an additional 606 shares in the last quarter. Grassi Investment Management raised its position in shares of Amazon.com by 3.0% in the 3rd quarter. Grassi Investment Management now owns 72,525 shares of the e-commerce giant’s stock valued at $13,514,000 after buying an additional 2,140 shares in the last quarter. Finally, Greystone Financial Group LLC increased its position in Amazon.com by 16.0% during the 3rd quarter. Greystone Financial Group LLC now owns 14,785 shares of the e-commerce giant’s stock worth $2,755,000 after purchasing an additional 2,034 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $205.74 on Thursday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The firm has a 50-day moving average of $194.14 and a 200-day moving average of $186.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.16 trillion, a P/E ratio of 44.06, a P/E/G ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC upped their price objective on shares of Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Stifel Nicolaus upped their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.20.

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.