Spectrum Strategic Capital Management LLC Has $2.62 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Spectrum Strategic Capital Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,920 shares of the e-commerce giant’s stock after selling 1,457 shares during the quarter. Amazon.com comprises about 1.6% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 12th biggest position. Spectrum Strategic Capital Management LLC’s holdings in Amazon.com were worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Joseph P. Lucia & Associates LLC lifted its stake in shares of Amazon.com by 0.4% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 34,006 shares of the e-commerce giant’s stock valued at $7,461,000 after buying an additional 120 shares in the last quarter. Wetzel Investment Advisors Inc. lifted its stake in shares of Amazon.com by 5.0% in the fourth quarter. Wetzel Investment Advisors Inc. now owns 3,530 shares of the e-commerce giant’s stock valued at $774,000 after buying an additional 168 shares in the last quarter. IRON Financial LLC lifted its stake in shares of Amazon.com by 1.1% in the fourth quarter. IRON Financial LLC now owns 13,919 shares of the e-commerce giant’s stock valued at $3,054,000 after buying an additional 156 shares in the last quarter. Altus Wealth Management LLC lifted its stake in shares of Amazon.com by 20.1% in the fourth quarter. Altus Wealth Management LLC now owns 3,238 shares of the e-commerce giant’s stock valued at $710,000 after buying an additional 543 shares in the last quarter. Finally, BankPlus Wealth Management LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $950,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,848 shares of company stock valued at $11,368,639. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AMZN shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Barclays raised their price target on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. 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 company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $228.68 on Monday. The company has a 50 day moving average of $228.21 and a 200 day moving average of $202.44. The stock has a market cap of $2.42 trillion, a P/E ratio of 41.35, 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. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, sell-side analysts forecast 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.