Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Spirit of America Management Corp NY

Spirit of America Management Corp NY grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 33.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,550 shares of the e-commerce giant’s stock after acquiring an additional 7,200 shares during the quarter. Amazon.com comprises about 1.1% of Spirit of America Management Corp NY’s holdings, making the stock its 25th largest position. Spirit of America Management Corp NY’s holdings in Amazon.com were worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at approximately $30,000. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $46,000. Steph & Co. acquired a new stake in shares of Amazon.com during the 1st quarter valued at approximately $65,000. Advantage Trust Co acquired a new stake in shares of Amazon.com during the 4th quarter valued at approximately $68,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Amazon.com during the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Securities increased their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. UBS Group increased their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Tigress Financial increased their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. dropped their target price on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Maxim Group increased their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $222.49.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 0.3 %

Shares of NASDAQ:AMZN opened at $186.49 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $179.51 and a 200 day simple moving average of $181.68. The firm has a market cap of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

About Amazon.com

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.