Sfmg LLC Trims 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,467 shares of the e-commerce giant’s stock after selling 13,440 shares during the quarter. Amazon.com makes up about 1.4% of Sfmg LLC’s investment portfolio, making the stock its 13th largest holding. Sfmg LLC’s holdings in Amazon.com were worth $15,569,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. PayPay Securities Corp grew its position in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Amazon.com in the third quarter worth $49,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Amazon.com during the fourth quarter valued at $57,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.3 %

Shares of NASDAQ AMZN opened at $188.70 on Tuesday. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.86, a PEG ratio of 1.35 and a beta of 1.15. The business has a 50 day simple moving average of $179.29 and a 200 day simple moving average of $161.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com, Inc. has a 52 week low of $104.70 and a 52 week high of $189.77.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the transaction, the chief executive officer now owns 514,131 shares in the company, valued at approximately $87,397,128.69. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 over the last three months. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMZN shares. Citigroup raised their price target on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. UBS Group raised their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 price objective on shares of Amazon.com in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus 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.