Amazon.com, Inc. (NASDAQ:AMZN) is Plato Investment Management Ltd’s 4th Largest Position

Plato Investment Management Ltd lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,409 shares of the e-commerce giant’s stock after purchasing an additional 11,743 shares during the period. Amazon.com accounts for approximately 3.8% of Plato Investment Management Ltd’s portfolio, making the stock its 4th largest position. Plato Investment Management Ltd’s holdings in Amazon.com were worth $40,468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $30,000. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. purchased a new stake in Amazon.com during the first quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in Amazon.com in the first quarter valued at about $69,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.1 %

AMZN stock opened at $187.69 on Wednesday. The company has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.57, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20. The business has a 50 day simple moving average of $180.63 and a two-hundred day simple moving average of $183.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. Maxim Group increased their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Scotiabank initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a “sector outperform” rating and a $245.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Wells Fargo & Company cut Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $225.00 to $183.00 in a report on Monday, October 7th. Finally, Piper Sandler cut their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $224.00.

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.