Essential Planning LLC. Purchases 20,956 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Essential Planning LLC. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,122.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,823 shares of the e-commerce giant's stock after buying an additional 20,956 shares during the quarter. Essential Planning LLC.'s holdings in Amazon.com were worth $4,662,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Swedbank AB boosted its position in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock valued at $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the 3rd quarter worth about $279,000. Howard Capital Management Group LLC boosted its stake in Amazon.com by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock worth $66,434,000 after acquiring an additional 897 shares in the last quarter. Meridian Management Co. increased its stake in shares of Amazon.com by 27.6% during the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant's stock valued at $6,235,000 after purchasing an additional 7,246 shares in the last quarter. Finally, Pettinga Financial Advisors LLC boosted its position in shares of Amazon.com by 4.3% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant's stock worth $1,027,000 after purchasing an additional 225 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Scotiabank increased their target price on Amazon.com from $246.00 to $306.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Citigroup dropped their target price on shares of Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday. Wedbush restated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Piper Sandler reiterated an "overweight" rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $252.73.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN traded down $6.51 during trading on Wednesday, hitting $173.08. 29,202,868 shares of the company traded hands, compared to its average volume of 41,568,664. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.83 trillion, a PE ratio of 31.30, a P/E/G ratio of 1.50 and a beta of 1.39. The stock's 50-day simple moving average is $201.96 and its two-hundred day simple moving average is $208.30. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.