Spectrum Wealth Advisory Group LLC Purchases 3,109 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Spectrum Wealth Advisory Group LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 60.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,231 shares of the e-commerce giant’s stock after purchasing an additional 3,109 shares during the period. Amazon.com makes up about 0.9% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 17th largest holding. Spectrum Wealth Advisory Group LLC’s holdings in Amazon.com were worth $1,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB raised its holdings in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the period. Swedbank AB grew its position in Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Naviter Wealth LLC grew its position in Amazon.com by 4.6% in the third quarter. Naviter Wealth LLC now owns 52,149 shares of the e-commerce giant’s stock worth $9,717,000 after acquiring an additional 2,316 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter worth about $279,000. Finally, Greater Midwest Financial Group LLC grew its position in Amazon.com by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 54,724 shares of the e-commerce giant’s stock worth $10,197,000 after acquiring an additional 145 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 2.1 %

AMZN stock opened at $197.95 on Monday. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day moving average of $221.65 and a two-hundred day moving average of $207.76.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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 24.25%. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, February 7th. The Goldman Sachs Group upped their target price on Amazon.com from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wolfe Research upped 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, BMO Capital Markets reaffirmed an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $260.65.

About Amazon.com

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.