WealthPlan Investment Management LLC Acquires 20,881 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

WealthPlan Investment Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,071 shares of the e-commerce giant's stock after buying an additional 20,881 shares during the period. Amazon.com comprises 1.3% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 19th largest position. WealthPlan Investment Management LLC's holdings in Amazon.com were worth $12,684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMZN. Foundations Investment Advisors LLC grew its position in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after acquiring an additional 16,392 shares during the last quarter. Umpqua Bank boosted its stake in shares of Amazon.com by 0.4% during the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the period. BayBridge Capital Group LLC increased its stake in shares of Amazon.com by 51.8% in the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant's stock worth $2,677,000 after buying an additional 4,905 shares during the period. Zhang Financial LLC raised its holdings in Amazon.com by 12.9% during the 3rd quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant's stock valued at $9,520,000 after buying an additional 5,828 shares during the last quarter. Finally, Washington Trust Advisors Inc. boosted its position in Amazon.com by 0.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after buying an additional 982 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN traded up $1.38 during mid-day trading on Monday, hitting $226.30. 9,827,518 shares of the company traded hands, compared to its average volume of 41,290,434. The stock's fifty day moving average price is $205.83 and its 200-day moving average price is $191.38. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. Research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the transaction, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMZN shares. Scotiabank upped their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Truist Financial raised their price target on Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $230.00 price objective on shares of Amazon.com in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Company 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.