Plancorp LLC Has $6.75 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Plancorp LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,748 shares of the e-commerce giant’s stock after purchasing an additional 1,328 shares during the quarter. Plancorp LLC’s holdings in Amazon.com were worth $6,746,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AMZN. Rench Wealth Management Inc. boosted its position 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 acquiring an additional 3,703 shares during the last quarter. Blankinship & Foster LLC raised its holdings in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC bought a new stake in shares of Amazon.com in the fourth quarter worth $4,270,000. Floyd Financial Group LLC acquired a new position in Amazon.com during the fourth quarter worth $4,494,000. Finally, Patton Albertson Miller Group LLC grew its position in Amazon.com by 2.7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 18,790 shares of the e-commerce giant’s stock valued at $4,122,000 after purchasing an additional 495 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’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 approximately $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction 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 Amazon.com stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $173.18 on Wednesday. The company’s 50-day moving average price is $196.07 and its two-hundred day moving average price is $207.85. The firm has a market cap of $1.84 trillion, a P/E ratio of 31.32, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMZN shares. Citigroup cut their price target on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Wolfe Research upped their target price on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday. Royal Bank of Canada boosted their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, HSBC increased their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $248.96.

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.