Amazon.com, Inc. (NASDAQ:AMZN) Stake Decreased by WealthPLAN Partners LLC

WealthPLAN Partners LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,330 shares of the e-commerce giant’s stock after selling 4,258 shares during the quarter. Amazon.com accounts for 2.0% of WealthPLAN Partners LLC’s investment portfolio, making the stock its 10th biggest position. WealthPLAN Partners LLC’s holdings in Amazon.com were worth $14,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMZN. Rench Wealth Management Inc. increased its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Amazon.com by 9.7% during the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after buying an additional 16,392 shares in the last quarter. Blankinship & Foster LLC grew its position in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock worth $1,291,000 after buying an additional 4,740 shares in the last quarter. Umpqua Bank increased its stake in shares of Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after buying an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC acquired a new stake in Amazon.com in the fourth quarter valued at $4,270,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN opened at $193.89 on Friday. The business has a 50 day moving average price of $222.18 and a two-hundred day moving average price of $207.10. 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 company has a market capitalization of $2.05 trillion, a price-to-earnings ratio of 35.06, 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.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate 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 predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Raymond James lifted their price target on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Benchmark upped their price objective on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. TD Cowen increased their target price on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly 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. In the last three months, insiders sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by insiders.

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.