Plato Investment Management Ltd Purchases 17,126 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Plato Investment Management Ltd raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 232,038 shares of the e-commerce giant’s stock after acquiring an additional 17,126 shares during the quarter. Amazon.com comprises 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 $51,092,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bellecapital International Ltd. boosted its holdings in shares of Amazon.com by 17.7% in the fourth quarter. Bellecapital International Ltd. now owns 55,330 shares of the e-commerce giant’s stock valued at $12,139,000 after buying an additional 8,324 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $95,865,000. Jones Financial Companies Lllp boosted its holdings in shares of Amazon.com by 40.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,504,944 shares of the e-commerce giant’s stock worth $330,170,000 after buying an additional 434,898 shares during the period. Modera Wealth Management LLC boosted its stake in Amazon.com by 0.9% in the 4th quarter. Modera Wealth Management LLC now owns 244,721 shares of the e-commerce giant’s stock valued at $53,689,000 after purchasing an additional 2,218 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in Amazon.com by 51.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 69,342 shares of the e-commerce giant’s stock valued at $15,213,000 after purchasing an additional 23,521 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock valued at $22,871,828 over the last quarter. 10.80% of the stock is owned by corporate insiders.

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 price-to-earnings ratio of 35.44, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a fifty day moving average price of $214.60 and a two-hundred day moving average price of $209.22. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its 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 return on equity of 24.25% and a net margin of 9.29%. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wolfe Research increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.