Capasso Planning Partners LLC Decreases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Capasso Planning Partners LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,084 shares of the e-commerce giant's stock after selling 4,560 shares during the period. Capasso Planning Partners LLC's holdings in Amazon.com were worth $1,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares in the last quarter. Compass Planning Associates Inc purchased a new stake in shares of Amazon.com during the 4th quarter worth about $51,000. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $54,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock worth $63,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Mizuho dropped their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Benchmark lifted their target price on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Westpark Capital began coverage on Amazon.com in a research report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research note on Monday. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $253.56.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Down 2.0 %

Shares of AMZN stock traded down $3.58 during trading hours on Wednesday, reaching $176.01. 4,306,592 shares of the stock were exchanged, compared to its average volume of 41,473,355. The firm has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company's 50-day moving average price is $201.96 and its 200-day moving average price is $208.30. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.