SPC Financial Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291 shares of the e-commerce giant’s stock after purchasing an additional 59 shares during the period. SPC Financial Inc.’s holdings in Amazon.com were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Signet Investment Advisory Group Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $33,000. Financial Advantage Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $45,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Amazon.com during the second quarter worth approximately $53,000. Mascoma Wealth Management LLC increased its holdings in shares of Amazon.com by 15.6% during the fourth quarter. Mascoma Wealth Management LLC now owns 52 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Amazon.com by 20.6% during the second quarter. Contravisory Investment Management Inc. now owns 41 shares of the e-commerce giant’s stock worth $78,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

AMZN opened at $1,823.54 on Thursday. The company has a fifty day moving average price of $1,898.84 and a two-hundred day moving average price of $1,817.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 52 week low of $1,307.00 and a 52 week high of $2,050.50. The firm has a market capitalization of $898.35 billion, a PE ratio of 90.54, a P/E/G ratio of 2.30 and a beta of 1.55.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing analysts’ consensus estimates of $5.29 by ($0.07). Amazon.com had a return on equity of 26.27% and a net margin of 4.80%. The business had revenue of $63.40 billion for the quarter, compared to analyst estimates of $62.59 billion. During the same period in the prior year, the firm posted $5.07 EPS. Amazon.com’s revenue was up 19.9% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 24.52 EPS for the current year.

In other Amazon.com news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 379 shares of Amazon.com stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,775.43, for a total transaction of $672,887.97. Following the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,197,637.01. The disclosure for this sale can be found here. Insiders have sold a total of 14,570 shares of company stock valued at $27,690,021 in the last ninety days. Company insiders own 16.10% of the company’s stock.

AMZN has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a report on Friday, July 26th. BidaskClub lowered shares of Amazon.com from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. MKM Partners reissued a “buy” rating and issued a $2,350.00 price target (up previously from $2,240.00) on shares of Amazon.com in a report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $2,251.95.

About Amazon.com

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

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

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