Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Spire Wealth Management

Spire Wealth Management increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 363,544 shares of the e-commerce giant’s stock after purchasing an additional 23,662 shares during the quarter. Amazon.com accounts for about 1.5% of Spire Wealth Management’s holdings, making the stock its 9th largest holding. Spire Wealth Management’s holdings in Amazon.com were worth $37,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Thornburg Investment Management Inc. acquired a new position in Amazon.com during the first quarter worth $667,000. Deseret Mutual Benefit Administrators lifted its stake in Amazon.com by 18.5% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 6,903 shares of the e-commerce giant’s stock valued at $713,000 after buying an additional 1,079 shares in the last quarter. Alta Advisers Ltd boosted its holdings in Amazon.com by 4.8% in the 1st quarter. Alta Advisers Ltd now owns 24,100 shares of the e-commerce giant’s stock worth $2,489,000 after buying an additional 1,100 shares during the last quarter. PYA Waltman Capital LLC increased its stake in Amazon.com by 5.8% during the 1st quarter. PYA Waltman Capital LLC now owns 54,879 shares of the e-commerce giant’s stock worth $5,668,000 after buying an additional 3,024 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. raised its holdings in shares of Amazon.com by 481.0% during the first quarter. Peregrine Asset Advisers Inc. now owns 44,537 shares of the e-commerce giant’s stock valued at $4,600,000 after acquiring an additional 36,872 shares during the last quarter. Hedge funds and other institutional investors own 57.96% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $16,034,948.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 6,720 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $899,606.40. Following the completion of the transaction, the senior vice president now directly owns 107,196 shares in the company, valued at $14,350,328.52. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,329 shares of company stock worth $48,508,072 over the last ninety days. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $138.12 on Friday. The business has a 50-day simple moving average of $132.90 and a 200-day simple moving average of $116.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.95. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $143.63. The company has a market cap of $1.43 trillion, a PE ratio of 108.76, a P/E/G ratio of 1.76 and a beta of 1.26.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. The company had revenue of $134.38 billion for the quarter, compared to the consensus estimate of $131.54 billion. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. On average, equities research analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JMP Securities lifted their price target on Amazon.com from $140.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Canaccord Genuity Group upped their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Sanford C. Bernstein raised their price target on shares of Amazon.com from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. BNP Paribas raised shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research note on Friday, August 4th. Finally, Piper Jaffray Companies raised their target price on shares of Amazon.com from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Two equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.