Spire Wealth Management Boosts Position in Amazon.com, Inc. (NASDAQ:AMZN)

Spire Wealth Management lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,585 shares of the e-commerce giant's stock after acquiring an additional 19,926 shares during the period. Amazon.com accounts for about 2.5% of Spire Wealth Management's investment portfolio, making the stock its 5th largest position. Spire Wealth Management's holdings in Amazon.com were worth $81,961,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc grew its stake 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 worth $27,000 after acquiring an additional 100 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after buying an additional 25,581 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter valued at $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the 3rd quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new position in shares of Amazon.com in the 3rd quarter worth approximately $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $3.58 during mid-day trading on Friday, reaching $212.32. 51,614,569 shares of the company were exchanged, compared to its average volume of 36,796,344. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.39, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company's 50-day simple moving average is $226.70 and its 200-day simple moving average is $205.29. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the transaction, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,149 shares of company stock worth $24,606,905 in the last 90 days. Company insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMZN shares. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Barclays upped their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Loop Capital upped their price objective on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $260.65.

About Amazon.com

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.