SFE Investment Counsel Sells 2,000 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

SFE Investment Counsel lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,865 shares of the e-commerce giant’s stock after selling 2,000 shares during the period. Amazon.com makes up 2.7% of SFE Investment Counsel’s holdings, making the stock its 5th largest position. SFE Investment Counsel’s holdings in Amazon.com were worth $12,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMZN. Fortis Capital Advisors LLC increased its stake in Amazon.com by 31.9% during the 4th quarter. Fortis Capital Advisors LLC now owns 30,143 shares of the e-commerce giant’s stock valued at $4,580,000 after buying an additional 7,298 shares during the period. Insight Holdings Group LLC boosted its holdings in shares of Amazon.com by 14.0% in the fourth quarter. Insight Holdings Group LLC now owns 369,400 shares of the e-commerce giant’s stock valued at $56,127,000 after acquiring an additional 45,400 shares in the last quarter. Act Two Investors LLC boosted its holdings in shares of Amazon.com by 1.1% in the fourth quarter. Act Two Investors LLC now owns 191,958 shares of the e-commerce giant’s stock valued at $29,166,000 after acquiring an additional 2,156 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in shares of Amazon.com by 14.3% during the fourth quarter. Cape Investment Advisory Inc. now owns 23,185 shares of the e-commerce giant’s stock valued at $3,523,000 after acquiring an additional 2,907 shares during the period. Finally, DSM Capital Partners LLC raised its holdings in Amazon.com by 13.2% during the fourth quarter. DSM Capital Partners LLC now owns 3,795,536 shares of the e-commerce giant’s stock worth $576,694,000 after purchasing an additional 441,537 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,549,744 shares of company stock worth $309,400,324 over the last three months. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN opened at $186.51 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $1.94 trillion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The stock has a 50-day moving average of $179.17 and a 200-day moving average of $182.95. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Evercore ISI boosted their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Rosenblatt Securities upped their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $223.65.

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.