Safeguard Financial LLC Has $2.16 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Safeguard Financial LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,343 shares of the e-commerce giant’s stock after selling 243 shares during the quarter. Amazon.com makes up about 0.5% of Safeguard Financial LLC’s investment portfolio, making the stock its 21st biggest position. Safeguard Financial LLC’s holdings in Amazon.com were worth $2,158,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter valued at $27,266,582,000. GAMMA Investing LLC boosted its stake in shares of Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares during the last quarter. Capital World Investors grew its position in shares of Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant’s stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the period. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Amazon.com by 17,054.5% in the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant’s stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.6%

AMZN stock opened at $214.82 on Wednesday. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a market cap of $2.28 trillion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $196.86 and a 200 day simple moving average of $209.30.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Rosenblatt Securities lifted their price objective on Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Truist Financial decreased their target price on Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Mizuho reduced their price objective on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Finally, Benchmark reaffirmed a “buy” rating and issued a $260.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.89.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total transaction of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares in the company, valued at $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,037 shares of company stock worth $20,531,075 in the last three months. 10.80% of the stock is owned by corporate insiders.

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.