Amazon (AMZN) Stock Gains Attention After Firm Nearly Doubles Amazon Stake

TLDR

• Strategic Planning Inc. increased its Amazon position by 83.3%, taking its total holding to 115,509 shares.
• Amazon became the firm’s largest portfolio position, accounting for 11.9% of its holdings.
• Strategic Planning valued its Amazon investment at about $23.67 million at the end of the first quarter.
• AMZN stock traded at $278.09, close to its 52-week high of $287.20.
• JPMorgan raised its Amazon price target to $365, while several other analysts maintained buy or outperform ratings.

Strategic Planning Inc. raised its stake in Amazon during the first quarter, making the e-commerce company its largest holding. The firm increased its position by 83.3% and ended the period with 115,509 shares. Its Amazon investment was valued at $23.67 million. AMZN stock accounted for 11.9% of the firm’s portfolio.

Amazon.com, Inc., AMZN

Strategic Planning Expands Amazon Position

Strategic Planning bought 52,488 additional Amazon shares during the quarter. The purchase lifted its total holding above 115,000 shares and placed Amazon at the top of its investment portfolio. The filing showed that the firm concentrated a large share of its reported assets in the company.

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