Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,944 shares of the e-commerce giant’s stock after purchasing an additional 195 shares during the quarter. Amazon.com comprises about 0.9% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 14th largest position. Spectrum Wealth Advisory Group LLC’s holdings in Amazon.com were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. PayPay Securities Corp grew its stake in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at about $49,000. Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $57,000. Finally, AM Squared Ltd purchased a new stake in shares of Amazon.com during the third quarter worth approximately $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the completion of the sale, the chief executive officer now directly owns 514,131 shares in the company, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. Corporate insiders own 10.30% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $173.67 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 52-week low of $101.15 and a 52-week high of $189.77. The company has a 50-day simple moving average of $177.79 and a 200-day simple moving average of $158.23. The company has a market capitalization of $1.80 trillion, a PE ratio of 59.89, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Roth Mkm reiterated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research note on Tuesday, April 16th. Oppenheimer increased their target price on Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price target on Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Robert W. Baird increased their price objective on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Mizuho boosted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $205.13.

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.