SPC Financial Inc. Acquires 59 Shares of Amazon.com, Inc. (NASDAQ:AMZN)
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.
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.
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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