SPC Financial Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252 shares of the e-commerce giant’s stock after selling 2 shares during the quarter. SPC Financial Inc.’s holdings in Amazon.com were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMZN. Leavell Investment Management Inc. raised its holdings in Amazon.com by 0.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock valued at $263,000 after purchasing an additional 1 shares during the period. Beese Fulmer Investment Management Inc. increased its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after purchasing an additional 2 shares during the period. Round Table Services LLC increased its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after purchasing an additional 2 shares during the period. Finally, Naples Global Advisors LLC increased its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after purchasing an additional 3 shares during the period. 60.80% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,793 shares of company stock worth $9,574,377. 17.70% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. UBS AG reiterated a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a report on Wednesday, June 21st. Cowen and Company reaffirmed an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Wednesday, August 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Barclays PLC reissued an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $1,094.66.

Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.28% during trading on Friday, reaching $989.47. 2,243,718 shares of the company’s stock traded hands. The firm has a 50 day moving average of $977.31 and a 200 day moving average of $948.39. Amazon.com, Inc. has a 1-year low of $710.10 and a 1-year high of $1,083.31. The firm has a market capitalization of $475.32 billion, a PE ratio of 251.65 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post $3.89 EPS for the current year.

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About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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