Planning Center Inc. Has $1.41 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Planning Center Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,273 shares of the e-commerce giant’s stock after selling 1,959 shares during the quarter. Amazon.com makes up about 0.3% of Planning Center Inc.’s portfolio, making the stock its 23rd biggest position. Planning Center Inc.’s holdings in Amazon.com were worth $1,409,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the last quarter. Markel Corp increased its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the transaction, the chief executive officer now directly owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 in the last 90 days. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC lifted their target price on Amazon.com from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. Susquehanna lifted their target price on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. One equities research analyst has 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. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $201.98.

Amazon.com Price Performance

Amazon.com stock opened at $183.32 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. The stock has a fifty day moving average of $176.88 and a 200-day moving average of $156.19.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The company had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. Amazon.com’s revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.08 earnings per share 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.