SFG Wealth Management LLC. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 26.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,889 shares of the e-commerce giant’s stock after buying an additional 2,450 shares during the quarter. Amazon.com accounts for 1.3% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 15th largest holding. SFG Wealth Management LLC.’s holdings in Amazon.com were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. Ayrshire Capital Management LLC lifted its holdings in Amazon.com by 0.3% during the second quarter. Ayrshire Capital Management LLC now owns 40,321 shares of the e-commerce giant’s stock worth $5,415,000 after acquiring an additional 129 shares during the period. Five Oceans Advisors increased its holdings in Amazon.com by 1.7% during the second quarter. Five Oceans Advisors now owns 11,345 shares of the e-commerce giant’s stock worth $1,479,000 after buying an additional 186 shares during the last quarter. My Legacy Advisors LLC increased its holdings in Amazon.com by 33.0% during the second quarter. My Legacy Advisors LLC now owns 20,177 shares of the e-commerce giant’s stock worth $2,710,000 after buying an additional 5,002 shares during the last quarter. Cullinan Associates Inc. increased its holdings in Amazon.com by 6.8% during the second quarter. Cullinan Associates Inc. now owns 147,610 shares of the e-commerce giant’s stock worth $19,242,000 after buying an additional 9,410 shares during the last quarter. Finally, O Connor Financial Group LLC increased its holdings in Amazon.com by 15.5% during the second quarter. O Connor Financial Group LLC now owns 2,258 shares of the e-commerce giant’s stock worth $294,000 after buying an additional 303 shares during the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Trading Up 0.9 %
Shares of AMZN stock opened at $127.12 on Friday. The stock has a market capitalization of $1.31 trillion, a PE ratio of 100.10, a P/E/G ratio of 1.67 and a beta of 1.24. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $145.86. The business has a 50-day moving average of $134.87 and a 200 day moving average of $121.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $133.87, for a total transaction of $414,997.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total value of $6,213,886.08. Following the sale, the senior vice president now owns 64,380 shares in the company, valued at $9,343,469.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Monday, August 21st. The shares were sold at an average price of $133.87, for a total transaction of $414,997.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $16,034,948.60. The disclosure for this sale can be found here. Insiders sold 1,408,645 shares of company stock worth $55,223,448 in the last three months. 12.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have weighed in on AMZN shares. Tigress Financial increased their price objective on Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Evercore ISI increased their price objective on Amazon.com from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Argus reaffirmed a “buy” rating and set a $165.00 price objective on shares of Amazon.com in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Amazon.com from $101.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Barclays upped their price objective on shares of Amazon.com from $140.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.30.
View Our Latest Stock Report on Amazon.com
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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