SP Asset Management LLC Acquires 3,293 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SP Asset Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,316 shares of the e-commerce giant’s stock after purchasing an additional 3,293 shares during the quarter. Amazon.com comprises 1.9% of SP Asset Management LLC’s portfolio, making the stock its 16th biggest holding. SP Asset Management LLC’s holdings in Amazon.com were worth $16,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its stake in Amazon.com by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after acquiring an additional 12,456,995 shares during the last quarter. State Street Corp increased its stake in Amazon.com by 1.0% in the 3rd quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after acquiring an additional 3,121,516 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Amazon.com by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 165,309,180 shares of the e-commerce giant’s stock worth $17,031,683,000 after acquiring an additional 3,774,390 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $145.18 on Friday. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $147.29. The stock’s 50-day moving average is $133.72 and its 200 day moving average is $129.41. The company has a market cap of $1.50 trillion, a P/E ratio of 75.22, a PEG ratio of 1.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.27. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The company had revenue of $143.08 billion for the quarter, compared to the consensus estimate of $141.53 billion. Research analysts predict that Amazon.com, Inc. will post 2.6 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total transaction of $69,240.00. Following the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total value of $414,997.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $16,034,948.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the sale, the chief executive officer now owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The disclosure for this sale can be found here. Insiders have sold a total of 122,845 shares of company stock valued at $17,035,294 over the last quarter. 12.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Canaccord Genuity Group boosted their target price on Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, August 4th. UBS Group cut their target price on Amazon.com from $180.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Mizuho reissued a “buy” rating and set a $180.00 target price on shares of Amazon.com in a research report on Wednesday, September 27th. Finally, Barclays boosted their target price on Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $168.93.

Amazon.com 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.