Spectrum Strategic Capital Management LLC Sells 1,457 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Spectrum Strategic Capital Management LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,920 shares of the e-commerce giant’s stock after selling 1,457 shares during the quarter. Amazon.com accounts for about 1.6% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 12th biggest holding. Spectrum Strategic Capital Management LLC’s holdings in Amazon.com were worth $2,615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. raised its holdings in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after buying an additional 16,392 shares during the last quarter. Blankinship & Foster LLC raised its holdings in Amazon.com by 216.4% during the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the last quarter. Umpqua Bank raised its holdings in Amazon.com by 0.4% during the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock valued at $6,544,000 after buying an additional 137 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new position in Amazon.com during the 4th quarter valued at $4,270,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $228.68 on Monday. The business’s 50-day moving average is $228.21 and its two-hundred day moving average is $202.44. 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 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market capitalization of $2.42 trillion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the business’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 value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,848 shares of company stock valued at $11,368,639 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Robert W. Baird boosted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Bank of America boosted their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

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.