SPC Financial Inc. Buys 1,849 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SPC Financial Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,608 shares of the e-commerce giant’s stock after buying an additional 1,849 shares during the period. SPC Financial Inc.’s holdings in Amazon.com were worth $2,035,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Planning LLC raised its holdings in Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $37,000. Swaine & Leidel Wealth Services LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $38,000. Atlantic Private Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $43,000. Finally, Goodwin Investment Advisory grew its position in shares of Amazon.com by 1,225.8% in the second quarter. Goodwin Investment Advisory now owns 411 shares of the e-commerce giant’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.6 %

NASDAQ:AMZN opened at $145.18 on Friday. The stock’s fifty day moving average price is $133.72 and its two-hundred day moving average price is $129.41. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $147.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.98. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 75.22, a P/E/G ratio of 1.93 and a beta of 1.17.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.27. Amazon.com had a return on equity of 12.75% and a net margin of 3.62%. The firm had revenue of $143.08 billion for the quarter, compared to the consensus estimate of $141.53 billion. On average, analysts anticipate that Amazon.com, Inc. will post 2.6 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 10,756 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the transaction, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP David Zapolsky sold 42,816 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the completion of the sale, the senior vice president now owns 64,380 shares in the company, valued at approximately $9,343,469.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. 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 in the last 90 days. 12.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AMZN shares. JMP Securities reaffirmed a “market outperform” rating and issued a $175.00 price target on shares of Amazon.com in a research report on Monday, October 16th. Mizuho reaffirmed a “buy” rating and issued a $180.00 price target on shares of Amazon.com in a research report on Wednesday, September 27th. Roth Mkm lifted their target price on Amazon.com from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. TD Cowen lifted their target price on Amazon.com from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, The Goldman Sachs Group decreased their target price on Amazon.com from $180.00 to $175.00 in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $168.93.

Get Our Latest Analysis on Amazon.com

About Amazon.com

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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