Midwest Professional Planners LTD. Sells 1,352 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Midwest Professional Planners LTD. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,771 shares of the e-commerce giant’s stock after selling 1,352 shares during the period. Midwest Professional Planners LTD.’s holdings in Amazon.com were worth $1,859,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $35,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMZN. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research report on Monday, July 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Oppenheimer reduced their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. raised their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $262.45.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $221.47 on Wednesday. The business’s 50 day moving average price is $220.25 and its two-hundred day moving average price is $208.61. The company has a market cap of $2.36 trillion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 over the last 90 days. 10.80% of the stock is owned by insiders.

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.