Planning Directions Inc. Purchases 1,898 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Planning Directions Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 37.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,928 shares of the e-commerce giant’s stock after purchasing an additional 1,898 shares during the quarter. Amazon.com comprises approximately 0.9% of Planning Directions Inc.’s portfolio, making the stock its 22nd biggest holding. Planning Directions Inc.’s holdings in Amazon.com were worth $1,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp raised its holdings in Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC grew its position in shares of Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after purchasing an additional 545,292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Amazon.com by 3.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock valued at $10,776,201,000 after purchasing an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Amazon.com by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant’s stock worth $10,678,217,000 after purchasing an additional 1,980,663 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 2.0 %

Shares of NASDAQ AMZN opened at $196.01 on Thursday. The company has a market cap of $2.08 trillion, a P/E ratio of 35.44, a PEG ratio of 1.50 and a beta of 1.19. The firm has a 50-day simple moving average of $214.60 and a two-hundred day simple moving average of $209.22. 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) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction 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. The trade was a 1.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Scotiabank boosted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group lowered their price objective on Amazon.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Monday. Oppenheimer boosted their target price on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, DA Davidson raised their price target on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.53.

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.