Spartan Planning & Wealth Management Makes New $3.77 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Spartan Planning & Wealth Management acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,186 shares of the e-commerce giant's stock, valued at approximately $3,770,000. Amazon.com makes up 3.4% of Spartan Planning & Wealth Management's portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Icon Wealth Advisors LLC grew its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the third quarter valued at about $45,000. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the third quarter worth about $56,000. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. TD Cowen boosted their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Robert W. Baird increased their price target on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $245.65.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares of the company's stock, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company's stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $5.28 during mid-day trading on Monday, reaching $225.94. 42,097,354 shares of the company's stock were exchanged, compared to its average volume of 27,997,364. The firm has a 50-day moving average price of $217.91 and a two-hundred day moving average price of $196.27. 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 firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The company's revenue was up 11.0% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 5.38 EPS for the current year.

About Amazon.com

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.