Strategic Financial Concepts LLC Acquires 5,081,217 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Financial Concepts LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23,742.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,102,618 shares of the e-commerce giant’s stock after purchasing an additional 5,081,217 shares during the period. Amazon.com comprises about 2.2% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 12th biggest position. Strategic Financial Concepts LLC’s holdings in Amazon.com were worth $1,119,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. International Assets Investment Management LLC increased its holdings in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after buying an additional 38,949,065 shares during the period. Parnassus Investments LLC grew its position in Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock worth $2,125,148,000 after acquiring an additional 11,391,479 shares during the last quarter. State Street Corp increased its stake in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its position in Amazon.com by 3.4% in the third quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Amazon.com in the third quarter valued at approximately $492,144,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, February 7th. DA Davidson boosted their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wedbush reissued an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, Stifel Nicolaus boosted their price target on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,649 shares of company stock valued at $23,871,905. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 3.4 %

Amazon.com stock opened at $205.02 on Tuesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The stock has a fifty day moving average of $226.04 and a 200 day moving average of $206.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $2.17 trillion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.