Sugarloaf Wealth Management LLC Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sugarloaf Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,821 shares of the e-commerce giant’s stock after selling 2,238 shares during the quarter. Amazon.com makes up about 0.8% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Sugarloaf Wealth Management LLC’s holdings in Amazon.com were worth $4,787,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AMZN. Icon Wealth Advisors LLC increased its position in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp increased its position in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter worth $45,000. Finally, Values First Advisors Inc. bought a new stake in Amazon.com in the third quarter worth $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, 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 transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AMZN. UBS Group boosted their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, January 10th. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Truist Financial upped their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $246.85.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $230.71 on Wednesday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $233.00. The company’s 50 day moving average is $218.30 and its 200 day moving average is $196.47. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.43 trillion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current year.

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.