WealthPlan Investment Management LLC Has $12.68 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

WealthPlan Investment Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 44.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,071 shares of the e-commerce giant’s stock after acquiring an additional 20,881 shares during the quarter. Amazon.com accounts for about 1.3% of WealthPlan Investment Management LLC’s holdings, making the stock its 19th largest position. WealthPlan Investment Management LLC’s holdings in Amazon.com were worth $12,684,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Alterna Wealth Management Inc. increased its position in Amazon.com by 38.3% in the 2nd quarter. Alterna Wealth Management Inc. now owns 11,686 shares of the e-commerce giant’s stock valued at $2,258,000 after acquiring an additional 3,238 shares in the last quarter. Cardinal Point Capital Management ULC boosted its stake in Amazon.com by 25.9% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 3,401 shares of the e-commerce giant’s stock worth $657,000 after acquiring an additional 699 shares during the last quarter. Compton Wealth Advisory Group LLC grew its holdings in Amazon.com by 3.9% during the second quarter. Compton Wealth Advisory Group LLC now owns 30,881 shares of the e-commerce giant’s stock valued at $5,968,000 after purchasing an additional 1,161 shares during the period. Diversify Advisory Services LLC raised its stake in Amazon.com by 49.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 298,770 shares of the e-commerce giant’s stock worth $59,557,000 after buying an additional 99,084 shares during the period. Finally, FSM Wealth Advisors LLC grew its position in shares of Amazon.com by 1.5% in the 2nd quarter. FSM Wealth Advisors LLC now owns 12,945 shares of the e-commerce giant’s stock valued at $2,502,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial increased their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.00.

Amazon.com Stock Performance

NASDAQ AMZN opened at $224.92 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a fifty day simple moving average of $205.83 and a 200-day simple moving average of $191.38. Amazon.com, Inc. has a twelve month low of $144.05 and a twelve month high of $233.00.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.