Sfmg LLC Trims Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sfmg LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,410 shares of the e-commerce giant’s stock after selling 3,293 shares during the period. Amazon.com accounts for 1.7% of Sfmg LLC’s investment portfolio, making the stock its 12th biggest position. Sfmg LLC’s holdings in Amazon.com were worth $19,018,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Strata Wealth Advisors LLC raised its position in shares of Amazon.com by 14.9% in the second quarter. Strata Wealth Advisors LLC now owns 5,630 shares of the e-commerce giant’s stock valued at $1,088,000 after buying an additional 731 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in Amazon.com in the 2nd quarter worth approximately $2,830,000. Semmax Financial Advisors Inc. raised its holdings in Amazon.com by 6.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 22,115 shares of the e-commerce giant’s stock valued at $4,274,000 after acquiring an additional 1,300 shares during the last quarter. Wulff Hansen & CO. lifted its stake in shares of Amazon.com by 6.7% during the 2nd quarter. Wulff Hansen & CO. now owns 20,100 shares of the e-commerce giant’s stock worth $3,884,000 after purchasing an additional 1,260 shares during the period. Finally, Westwood Wealth Management boosted its holdings in shares of Amazon.com by 3.1% during the second quarter. Westwood Wealth Management now owns 35,270 shares of the e-commerce giant’s stock worth $6,816,000 after purchasing an additional 1,049 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Barclays boosted their target price on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $236.78.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Down 2.6 %

Shares of NASDAQ:AMZN opened at $184.71 on Thursday. The firm has a market cap of $1.92 trillion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a fifty day simple moving average of $183.11 and a 200 day simple moving average of $183.54. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal 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.