Planning Alternatives Ltd. ADV Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Planning Alternatives Ltd. ADV grew its holdings in shares of Amazon.com, Inc.

(NASDAQ:AMZN – Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,998 shares of the e-commerce giant’s stock after acquiring an additional 115 shares during the quarter.



Planning Alternatives Ltd. ADV’s holdings in Amazon.com were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Rench Wealth Management Inc. boosted its position in Amazon.

com by 7.9% during the third quarter. Rench Wealth Management Inc.

now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the period. Blankinship & Foster LLC boosted its holdings in Amazon.com by 216.

4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank grew its position in Amazon.

com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after acquiring an additional 137 shares during the last quarter.

One Wealth Capital Management LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $4,270,000. Finally, Floyd Financial Group LLC bought a new stake in Amazon.

com in the fourth quarter valued at approximately $4,494,000. 72.20% of the stock is currently owned by institutional investors.

Insider Activity at Amazon.comIn other news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.

47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.

60. This trade represents a 6.87 % decrease in their position.

The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction on Tuesday, February 18th.

The shares were sold at an average price of $228.44, for a total value of $1,256,648.44.

Following the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.

08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock worth $23,341,803 over the last quarter.

Company insiders own 10.80% of the company’s stock. Analyst Ratings ChangesSeveral research analysts have recently issued reports on AMZN shares.

Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th.

Royal Bank of Canada raised their price target on shares of Amazon.com from $255.00 to $265.

00 and gave the stock an “outperform” rating in a report on Friday, February 7th. JMP Securities set a $285.00 price objective on shares of Amazon.

com in a research note on Thursday, March 27th. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.

com in a research note on Friday, February 7th. Finally, Oppenheimer upped their price target on Amazon.com from $230.

00 to $260.00 and gave the company an “outperform” rating in a research 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 assigned a strong buy rating to the stock.

Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.53.

Get Our Latest Research Report on AMZNAmazon.com Trading Down 9.0 %Shares of NASDAQ:AMZN opened at $178.

41 on Friday. 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 1 year low of $151.61 and a 1 year high of $242.

52. The company has a market cap of $1.89 trillion, a P/E ratio of 32.

26, a PEG ratio of 1.50 and a beta of 1.19.

The stock’s fifty day moving average price is $213.46 and its 200-day moving average price is $209.01.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.

86 earnings per share (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%. Sell-side analysts expect that Amazon.com, Inc.

will post 6.31 earnings per share for the current year. Amazon.

com Company Profile (Free Report)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).

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