SwitchPoint Financial Planning LLC Acquires Shares of 2,942 Amazon.com, Inc. (NASDAQ:AMZN)

SwitchPoint Financial Planning LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,942 shares of the e-commerce giant's stock, valued at approximately $645,000. Amazon.com comprises about 0.6% of SwitchPoint Financial Planning LLC's holdings, making the stock its 28th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Rench Wealth Management Inc. raised its stake in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock valued at $9,392,000 after buying an additional 3,703 shares during the last quarter. Momentous Wealth Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC increased its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Blankinship & Foster LLC grew its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Finally, One Wealth Capital Management LLC purchased a new position in Amazon.com in the fourth quarter valued at $4,270,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Up 1.3 %

Shares of NASDAQ AMZN traded up $2.45 during mid-day trading on Friday, hitting $188.99. The company had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The company has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The business's 50-day simple moving average is $193.52 and its 200 day simple moving average is $207.90. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company's stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMZN shares. Citigroup dropped their target price on Amazon.com from $273.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald cut their price objective on Amazon.com from $270.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America decreased their target price on Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reduced their price objective on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Westpark Capital began coverage on shares of Amazon.com in a research note on Tuesday, April 1st. They set a "buy" rating and a $280.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average target price of $247.56.

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.