Amazon.com, Inc. (NASDAQ:AMZN) is Strategic Planning Group LLC’s 3rd Largest Position

Strategic Planning Group LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 120,985 shares of the e-commerce giant’s stock after selling 255 shares during the period. Amazon.com comprises about 4.9% of Strategic Planning Group LLC’s investment portfolio, making the stock its 3rd biggest position. Strategic Planning Group LLC’s holdings in Amazon.com were worth $26,543,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMZN. Fiera Capital Corp grew its stake in Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares in the last quarter. Beck Bode LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $651,000. Itau Unibanco Holding S.A. lifted its holdings in shares of Amazon.com by 107.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 452,109 shares of the e-commerce giant’s stock worth $87,370,000 after acquiring an additional 234,577 shares during the last quarter. Fernbridge Capital Management LP grew its position in Amazon.com by 22.4% in the second quarter. Fernbridge Capital Management LP now owns 698,553 shares of the e-commerce giant’s stock worth $134,995,000 after acquiring an additional 127,751 shares in the last quarter. Finally, First City Capital Management Inc. increased its stake in Amazon.com by 1.3% in the second quarter. First City Capital Management Inc. now owns 16,606 shares of the e-commerce giant’s stock valued at $3,209,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $226.63 on Thursday. The stock has a 50-day moving average price of $228.22 and a two-hundred day moving average price of $203.44. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market cap of $2.40 trillion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted 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%. Equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Oppenheimer upped their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Finally, HSBC raised their price objective on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,852 shares of company stock worth $9,324,151. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.