Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 34.3% during the second quarter, HoldingsChannel.com reports. The fund owned 6,608 shares of the e-commerce giant’s stock after buying an additional 1,687 shares during the period. Amazon.com accounts for about 0.4% of Spinnaker Investment Group LLC’s holdings, making the stock its 28th largest holding. Spinnaker Investment Group LLC’s holdings in Amazon.com were worth $1,277,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Collective Family Office LLC lifted its holdings in shares of Amazon.com by 9.7% in the 1st quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after acquiring an additional 819 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Amazon.com in the 4th quarter valued at about $5,926,000. Clearstead Trust LLC grew its position in shares of Amazon.com by 25.8% during the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after buying an additional 13,454 shares in the last quarter. Finally, Summa Corp. acquired a new position in shares of Amazon.com during the fourth quarter worth about $1,506,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $186.49 on Friday. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock’s fifty day simple moving average is $179.51 and its 200-day simple moving average is $181.56. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on AMZN. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Cowen increased their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Cantor Fitzgerald began coverage on Amazon.com in a report on Thursday, September 5th. They set an “overweight” rating and a $230.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, Morgan Stanley decreased their target price on Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $222.49.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% 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.