Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by SFG Wealth Management LLC.

SFG Wealth Management LLC. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,754 shares of the e-commerce giant’s stock after selling 70 shares during the quarter. Amazon.com accounts for about 1.4% of SFG Wealth Management LLC.’s portfolio, making the stock its 16th biggest holding. SFG Wealth Management LLC.’s holdings in Amazon.com were worth $2,579,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Fiera Capital Corp lifted its position in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after acquiring an additional 44,615 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock valued at $759,971,000 after purchasing an additional 3,903,889 shares during the period. Chris Bulman Inc purchased a new position in Amazon.com in the 2nd quarter worth about $268,000. Keating Investment Counselors Inc. acquired a new stake in Amazon.com during the 2nd quarter worth about $232,000. Finally, Delta Financial Advisors LLC boosted its holdings in shares of Amazon.com by 0.5% in the second quarter. Delta Financial Advisors LLC now owns 27,240 shares of the e-commerce giant’s stock worth $5,264,000 after buying an additional 125 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $242.06 on Wednesday. The company’s fifty day moving average is $224.55 and its two-hundred day moving average is $199.36. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 51.83, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a report on Monday, January 13th. Susquehanna raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Wedbush restated an “outperform” rating and set a $280.00 price objective (up from $260.00) on shares of Amazon.com in a research report on Monday, January 27th. Finally, Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.56.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the sale, the insider now directly owns 914,420,614 shares in the company, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 over the last three months. 10.80% of the stock is owned by corporate insiders.

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.