Spectrum Planning & Advisory Services Inc. Has $1.79 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Spectrum Planning & Advisory Services Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,172 shares of the e-commerce giant’s stock after purchasing an additional 160 shares during the quarter. Amazon.com makes up approximately 1.6% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 16th largest holding. Spectrum Planning & Advisory Services Inc.’s holdings in Amazon.com were worth $1,793,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Falcon Wealth Planning boosted its holdings in Amazon.com by 11.5% in the 4th quarter. Falcon Wealth Planning now owns 17,691 shares of the e-commerce giant’s stock valued at $3,881,000 after purchasing an additional 1,829 shares during the period. Watershed Private Wealth LLC boosted its stake in shares of Amazon.com by 2.9% in the fourth quarter. Watershed Private Wealth LLC now owns 16,438 shares of the e-commerce giant’s stock valued at $3,606,000 after buying an additional 463 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Amazon.com by 2.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 46,954 shares of the e-commerce giant’s stock worth $10,301,000 after buying an additional 1,319 shares in the last quarter. Aspire Capital Advisors LLC increased its stake in Amazon.com by 11.9% during the 4th quarter. Aspire Capital Advisors LLC now owns 25,170 shares of the e-commerce giant’s stock worth $5,522,000 after acquiring an additional 2,684 shares during the period. Finally, Stonegate Investment Group LLC raised its holdings in Amazon.com by 11.1% in the 4th quarter. Stonegate Investment Group LLC now owns 597,098 shares of the e-commerce giant’s stock valued at $130,997,000 after acquiring an additional 59,722 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,611 shares of company stock worth $11,122,402 over the last three months. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMZN. Citigroup decreased their price target on Amazon.com from $275.00 to $273.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. TD Cowen raised their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a report on Friday, February 7th. Benchmark increased their price target on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Raymond James boosted their price objective on shares of Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.74.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $228.68 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The company’s fifty day simple moving average is $228.21 and its 200 day simple moving average is $202.55. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share 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.