Spirit of America Management Corp NY Increases Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Spirit of America Management Corp NY lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,200 shares of the e-commerce giant’s stock after purchasing an additional 450 shares during the period. Amazon.com comprises approximately 1.3% of Spirit of America Management Corp NY’s holdings, making the stock its 20th biggest position. Spirit of America Management Corp NY’s holdings in Amazon.com were worth $6,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the period. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new stake in shares of Amazon.com during the third quarter valued at $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the third quarter valued at about $56,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,149 shares of company stock worth $24,606,905. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $212.32 on Friday. The firm has a market cap of $2.25 trillion, a PE ratio of 38.39, a PEG ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The stock’s fifty day moving average price is $226.44 and its two-hundred day moving average price is $205.61.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMZN shares. Rosenblatt Securities boosted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Loop Capital boosted their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Maxim Group upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

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.