Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Spectrum Wealth Counsel LLC

Spectrum Wealth Counsel LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,018 shares of the e-commerce giant’s stock after buying an additional 5,760 shares during the period. Amazon.com makes up approximately 1.4% of Spectrum Wealth Counsel LLC’s holdings, making the stock its 19th largest position. Spectrum Wealth Counsel LLC’s holdings in Amazon.com were worth $11,212,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Collective Family Office LLC boosted its stake in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after buying an additional 819 shares during the period. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares during the period. Stonekeep Investments LLC acquired a new stake in Amazon.com in the second quarter valued at about $2,588,000. Concord Investment Counsel Inc. acquired a new stake in Amazon.com in the first quarter valued at about $20,790,000. Finally, O Shaughnessy Asset Management LLC lifted its position in Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after purchasing an additional 133,471 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. Evercore ISI restated an “outperform” rating and issued a $240.00 price objective on shares of Amazon.com in a research report on Friday. TD Cowen lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Barclays lifted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group reduced their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $224.00.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were 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 $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,355 shares of company stock worth $9,877,423 over the last quarter. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $187.54 on Tuesday. 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 firm’s fifty day simple moving average is $180.11 and its 200 day simple moving average is $183.24. The firm has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Amazon.com Company 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.