Capital Planning Advisors LLC Has $13.93 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Capital Planning Advisors LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,489 shares of the e-commerce giant’s stock after purchasing an additional 2,908 shares during the period. Amazon.com accounts for about 2.2% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Capital Planning Advisors LLC’s holdings in Amazon.com were worth $13,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMZN. Icon Wealth Advisors LLC lifted its position in 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 last quarter. Hoese & Co LLP acquired a new position in Amazon.com during the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new position in shares of Amazon.com during the third quarter worth approximately $56,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 1.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after acquiring an additional 3,055 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,850 shares of company stock valued at $6,168,581 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Wedbush reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday. Mizuho raised their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Susquehanna raised their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Scotiabank raised their price target on shares of Amazon.com from $246.00 to $306.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $270.00 price target on shares of Amazon.com in a research report on Friday. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

Amazon.com Stock Performance

Shares of AMZN stock opened at $229.15 on Monday. The company’s fifty day simple moving average is $226.93 and its 200-day simple moving average is $200.72. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.41 trillion, a PE ratio of 41.44, a P/E/G ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. Equities research analysts expect that Amazon.com, Inc. will post 6.24 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.