Spreng Capital Management Inc. Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Spreng Capital Management Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,787 shares of the e-commerce giant’s stock after buying an additional 2,328 shares during the period. Amazon.com makes up 1.3% of Spreng Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Spreng Capital Management Inc.’s holdings in Amazon.com were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. James Hambro & Partners boosted its stake in Amazon.com by 148.8% during the 4th quarter. James Hambro & Partners now owns 550,527 shares of the e-commerce giant’s stock worth $83,650,000 after purchasing an additional 329,270 shares during the period. Compton Wealth Advisory Group LLC boosted its stake in Amazon.com by 0.9% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 29,555 shares of the e-commerce giant’s stock worth $4,491,000 after purchasing an additional 256 shares during the period. Dantai Capital Ltd boosted its stake in Amazon.com by 17.5% during the 4th quarter. Dantai Capital Ltd now owns 27,490 shares of the e-commerce giant’s stock worth $4,177,000 after purchasing an additional 4,090 shares during the period. Occidental Asset Management LLC boosted its stake in Amazon.com by 2.0% during the 4th quarter. Occidental Asset Management LLC now owns 25,352 shares of the e-commerce giant’s stock worth $3,852,000 after purchasing an additional 509 shares during the period. Finally, LifeSteps Financial Inc. boosted its stake in Amazon.com by 1.1% during the 4th quarter. LifeSteps Financial Inc. now owns 9,683 shares of the e-commerce giant’s stock worth $1,471,000 after purchasing an additional 110 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $185.67 on Wednesday. The stock’s 50 day moving average is $174.83 and its 200-day moving average is $154.13. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12 month low of $97.71 and a 12 month high of $187.34. The company has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 64.02, a PEG ratio of 1.61 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last released 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 return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JMP Securities raised their target price on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein raised their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $198.09.

Insider Activity

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares in the company, valued at $17,960,816.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,214,010 shares of company stock worth $5,505,874,846. Insiders own 12.70% of the company’s stock.

Amazon.com Profile

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.