Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by SP Asset Management LLC

SP Asset Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,237 shares of the e-commerce giant’s stock after acquiring an additional 2,151 shares during the period. Amazon.com accounts for 2.3% of SP Asset Management LLC’s holdings, making the stock its 14th largest position. SP Asset Management LLC’s holdings in Amazon.com were worth $25,555,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMZN. Garrison Point Advisors LLC raised its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. increased its holdings in Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the period. Ridgecrest Wealth Partners LLC increased its holdings in Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. increased its holdings in Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after purchasing an additional 56 shares during the period. Finally, Lutz Financial Services LLC increased its holdings in Amazon.com by 1.9% during the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 57 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN stock opened at $188.82 on Friday. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The stock has a 50 day simple moving average of $179.58 and a 200-day simple moving average of $183.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMZN. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price target on the stock. DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a report on Thursday. Pivotal Research began coverage on Amazon.com in a report on Friday. They set a “buy” rating and a $260.00 price target on the stock. Robert W. Baird upped their price target on Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a report on Friday, June 21st. Finally, BMO Capital Markets restated an “outperform” rating and set a $230.00 price target on shares of Amazon.com in a report on Thursday, September 19th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction 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 directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.