Spirit of America Management Corp NY Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Spirit of America Management Corp NY raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,200 shares of the e-commerce giant’s stock after acquiring an additional 450 shares during the quarter. Amazon.com makes up 1.3% of Spirit of America Management Corp NY’s holdings, making the stock its 20th largest holding. Spirit of America Management Corp NY’s holdings in Amazon.com were worth $6,626,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB raised its stake in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after buying an additional 811,425 shares during the last quarter. Czech National Bank grew its holdings in Amazon.com by 9.0% during the third quarter. Czech National Bank now owns 1,902,873 shares of the e-commerce giant’s stock worth $354,562,000 after acquiring an additional 157,761 shares during the period. Meritas Wealth Management LLC grew its holdings in Amazon.com by 6.9% during the third quarter. Meritas Wealth Management LLC now owns 3,976 shares of the e-commerce giant’s stock worth $741,000 after acquiring an additional 256 shares during the period. Trinity Financial Advisors LLC grew its holdings in Amazon.com by 2.5% during the third quarter. Trinity Financial Advisors LLC now owns 3,626 shares of the e-commerce giant’s stock worth $682,000 after acquiring an additional 90 shares during the period. Finally, Wiser Wealth Management Inc grew its holdings in Amazon.com by 8.0% during the third quarter. Wiser Wealth Management Inc now owns 3,100 shares of the e-commerce giant’s stock worth $578,000 after acquiring an additional 230 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.7 %

AMZN opened at $212.32 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $226.44 and a 200-day moving average of $205.61. The stock has a market cap of $2.25 trillion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research lifted their target price on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at approximately $10,864,125. This represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,149 shares of company stock worth $24,606,905. Insiders own 10.80% of the company’s stock.

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.