SFG Wealth Management LLC. Reduces Position in Amazon.com, Inc. (NASDAQ:AMZN)

SFG Wealth Management LLC. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,707 shares of the e-commerce giant's stock after selling 2,047 shares during the quarter. Amazon.com accounts for about 0.9% of SFG Wealth Management LLC.'s investment portfolio, making the stock its 22nd largest position. SFG Wealth Management LLC.'s holdings in Amazon.com were worth $1,847,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new stake in shares of Amazon.com in the 4th quarter valued at about $35,000. Perritt Capital Management Inc boosted its holdings in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the period. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN traded up $2.25 during trading hours on Friday, reaching $226.13. 37,691,170 shares of the stock traded hands, compared to its average volume of 41,988,670. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company's 50-day moving average price is $213.50 and its two-hundred day moving average price is $208.67.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. JMP Securities increased their price objective on Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a report on Thursday, July 10th. Morgan Stanley upped their price objective on shares of Amazon.com from $250.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.35.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 733,195 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $227.02, for a total value of $166,449,928.90. Following the sale, the insider directly owned 894,546,706 shares of the company's stock, valued at $203,079,993,196.12. This represents a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,335,232 shares of company stock valued at $3,210,622,570 over the last ninety days. Corporate insiders own 9.70% of the company's stock.

Amazon.com 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.