Sfmg LLC Has $15.57 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Sfmg LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 102,467 shares of the e-commerce giant’s stock after selling 13,440 shares during the period. Amazon.com makes up approximately 1.4% of Sfmg LLC’s portfolio, making the stock its 13th biggest holding. Sfmg LLC’s holdings in Amazon.com were worth $15,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lake Hills Wealth Management LLC boosted its stake in Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock worth $1,213,000 after purchasing an additional 65 shares during the period. Veery Capital LLC boosted its position in shares of Amazon.com by 1.1% in the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock valued at $895,000 after acquiring an additional 66 shares during the period. Bellwether Advisors LLC grew its stake in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock valued at $446,000 after acquiring an additional 66 shares in the last quarter. StrategIQ Financial Group LLC increased its holdings in Amazon.com by 0.3% during the 4th quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after acquiring an additional 66 shares during the period. Finally, Marion Wealth Management boosted its holdings in Amazon.com by 1.6% in the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock valued at $657,000 after purchasing an additional 67 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 10,920 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $169.21, for a total transaction of $1,847,773.20. Following the sale, the senior vice president now directly owns 59,100 shares in the company, valued at approximately $10,000,311. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Up 1.3 %

NASDAQ:AMZN opened at $188.70 on Tuesday. Amazon.com, Inc. has a 1-year low of $104.70 and a 1-year high of $189.77. The company has a market capitalization of $1.96 trillion, a PE ratio of 52.86, a P/E/G ratio of 1.35 and a beta of 1.15. The firm’s 50-day moving average price is $179.29 and its 200-day moving average price is $161.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMZN shares. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus upped their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Wolfe Research lifted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $211.62.

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.