Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold 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 its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,711 shares of the e-commerce giant’s stock after selling 2,360 shares during the quarter. Amazon.com accounts for about 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.

Several other large investors also recently bought and sold shares of the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Quattro Financial Advisors LLC grew its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares in the last quarter. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth approximately $45,000. Iron Horse Wealth Management LLC grew its position in shares of Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after buying an additional 112 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 2.1 %

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 has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The firm’s 50 day moving average price is $221.65 and its two-hundred day moving average price is $207.26.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on AMZN shares. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Redburn Atlantic lifted their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho lifted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

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.