Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,711 shares of the e-commerce giant’s stock after selling 2,360 shares during the quarter. Amazon.com comprises 1.4% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 14th largest holding. WealthPlan Investment Management LLC’s holdings in Amazon.com were worth $14,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Compass Financial Group INC SD lifted its stake in Amazon.com by 3.0% in the fourth quarter. Compass Financial Group INC SD now owns 3,620 shares of the e-commerce giant’s stock valued at $794,000 after acquiring an additional 104 shares during the last quarter. Scarborough Advisors LLC raised its holdings in shares of Amazon.com by 1.7% during the 4th quarter. Scarborough Advisors LLC now owns 12,574 shares of the e-commerce giant’s stock valued at $2,759,000 after purchasing an additional 214 shares in the last quarter. BXM Wealth LLC bought a new position in shares of Amazon.com during the 4th quarter valued at $725,000. Myriad Asset Management US LP bought a new position in shares of Amazon.com during the 4th quarter valued at $7,001,000. Finally, Spinnaker Trust raised its holdings in shares of Amazon.com by 0.6% during the 4th quarter. Spinnaker Trust now owns 71,378 shares of the e-commerce giant’s stock valued at $15,660,000 after purchasing an additional 433 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMZN shares. HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Oppenheimer raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. BMO Capital Markets restated an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. TD Cowen raised their price target 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. Finally, Roth Mkm raised their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $197.95 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The firm’s 50-day simple moving average is $221.65 and its 200-day simple moving average is $207.26. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.10 trillion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com 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.