Plato Investment Management Ltd Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Plato Investment Management Ltd raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,038 shares of the e-commerce giant's stock after acquiring an additional 17,126 shares during the period. Amazon.com makes up approximately 3.8% of Plato Investment Management Ltd's investment portfolio, making the stock its 4th largest position. Plato Investment Management Ltd's holdings in Amazon.com were worth $51,092,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc lifted its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the period. Quattro Financial Advisors LLC boosted its position in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com in the fourth quarter valued at approximately $51,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $54,000. 72.20% of the stock is owned by institutional investors.

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Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Tigress Financial lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Maxim Group raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $275.00 target price on shares of Amazon.com in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $260.53.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ AMZN traded down $7.41 during trading on Friday, hitting $171.00. The stock had a trading volume of 121,066,781 shares, compared to its average volume of 40,644,703. The firm has a fifty day moving average of $213.46 and a two-hundred day moving average of $209.01. The company has a market capitalization of $1.81 trillion, a PE ratio of 30.92, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.