Strategic Financial Concepts LLC Sells 1,641 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Financial Concepts LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,003 shares of the e-commerce giant’s stock after selling 1,641 shares during the quarter. Amazon.com accounts for about 1.1% of Strategic Financial Concepts LLC’s holdings, making the stock its 20th largest position. Strategic Financial Concepts LLC’s holdings in Amazon.com were worth $6,089,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares in the last quarter. FMR LLC raised its position in Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com in the 4th quarter valued at $27,266,582,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.3%

Shares of NASDAQ:AMZN opened at $231.44 on Monday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.46 trillion, a PE ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. The business has a 50 day moving average of $215.66 and a 200-day moving average of $208.72. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Cantor Fitzgerald lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. BMO Capital Markets upped their price objective on Amazon.com from $233.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Bank of America upped their price objective on Amazon.com from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Oppenheimer upped their price objective on Amazon.com from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $254.33.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares in the company, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 25,102,037 shares of company stock worth $5,674,871,223 in the last three months. Insiders own 10.80% of the company’s stock.

Amazon.com Company 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.