WealthPlan Investment Management LLC Purchases Shares of 114,516 Amazon.com, Inc. (NASDAQ:AMZN)

WealthPlan Investment Management LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,516 shares of the e-commerce giant’s stock, valued at approximately $10,130,000.

Other hedge funds have also modified their holdings of the company. Kavar Capital Partners Group LLC raised its position in Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after buying an additional 79 shares during the last quarter. IFM Investors Pty Ltd raised its position in Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after buying an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after buying an additional 15 shares during the last quarter. Markel Corp raised its position in Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after buying an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after buying an additional 540 shares during the last quarter. 57.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Truist Financial reduced their price target on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Piper Sandler raised their price objective on shares of Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Rosenblatt Securities raised their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Amazon.com from $142.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, UBS Group raised their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $144.72.

Amazon.com Stock Up 4.0 %

Shares of AMZN opened at $100.04 on Friday. The firm has a market cap of $1.03 trillion, a P/E ratio of -373.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $170.83. The company’s 50-day moving average price is $96.75 and its 200 day moving average price is $101.94. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. On average, sell-side analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,394 shares of company stock worth $6,994,626. Company insiders own 12.70% of the company’s stock.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.