BankPlus Trust Department Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

BankPlus Trust Department bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,113 shares of the e-commerce giant’s stock, valued at approximately $3,974,000. Amazon.com accounts for about 1.3% of BankPlus Trust Department’s portfolio, making the stock its 10th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Amazon.com by 1.4% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 134,266 shares of the e-commerce giant’s stock valued at $29,457,000 after purchasing an additional 1,862 shares in the last quarter. Edge Capital Group LLC grew its position in Amazon.com by 2.2% during the fourth quarter. Edge Capital Group LLC now owns 53,478 shares of the e-commerce giant’s stock worth $11,733,000 after buying an additional 1,152 shares in the last quarter. Wealthstream Advisors Inc. increased its stake in Amazon.com by 6.3% in the 4th quarter. Wealthstream Advisors Inc. now owns 13,261 shares of the e-commerce giant’s stock worth $2,909,000 after acquiring an additional 787 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Amazon.com by 2.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 942,338 shares of the e-commerce giant’s stock valued at $206,740,000 after acquiring an additional 21,314 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Amazon.com by 26.0% in the fourth quarter. IFP Advisors Inc now owns 157,452 shares of the e-commerce giant’s stock worth $34,544,000 after purchasing an additional 32,499 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % 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 worth $22,871,828 in the last three months. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 2.2 %

Shares of NASDAQ:AMZN opened at $201.13 on Thursday. The firm has a market capitalization of $2.13 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50 day moving average price of $217.91 and a 200-day moving average price of $208.80. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Raymond James raised their price target on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Mizuho upped their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com 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.