Spirit of America Management Corp NY Buys 700 Shares of Amazon.com, Inc. $AMZN

Spirit of America Management Corp NY raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the second quarter, Holdings Channel reports. The institutional investor owned 31,250 shares of the e-commerce giant’s stock after buying an additional 700 shares during the quarter. Amazon.com comprises about 1.4% of Spirit of America Management Corp NY’s portfolio, making the stock its 16th biggest position. Spirit of America Management Corp NY’s holdings in Amazon.com were worth $6,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter worth $36,000. Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter worth about $42,000. Finally, Ryan Investment Management Inc. purchased a new position in Amazon.com during the second quarter worth about $48,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $244.41 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a fifty day moving average of $227.39 and a 200-day moving average of $219.01. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $255.44, for a total value of $638,600.00. Following the sale, the chief executive officer directly owned 491,007 shares of the company’s stock, valued at approximately $125,422,828.08. This trade represents a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,084 shares of company stock worth $29,405,457 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. DZ Bank reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Roth Capital upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. TD Cowen lifted their target price on shares of Amazon.com from $255.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, DA Davidson raised their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $294.04.

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.