Sfm LLC Invests $5.80 Million in Amazon.com, Inc. (NASDAQ:AMZN)

SFM LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,473 shares of the e-commerce giant's stock, valued at approximately $5,798,000. Amazon.com makes up about 4.3% of SFM LLC's investment portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Amazon.com by 35.6% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 422,426 shares of the e-commerce giant's stock worth $80,371,000 after buying an additional 110,902 shares in the last quarter. Sound Income Strategies LLC boosted its position in Amazon.com by 1.3% during the 1st quarter. Sound Income Strategies LLC now owns 55,338 shares of the e-commerce giant's stock worth $10,529,000 after acquiring an additional 704 shares during the last quarter. Partners Wealth Management LLC grew its stake in shares of Amazon.com by 2.9% during the 1st quarter. Partners Wealth Management LLC now owns 7,551 shares of the e-commerce giant's stock worth $1,437,000 after acquiring an additional 210 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of Amazon.com by 5.8% in the first quarter. Foster Victor Wealth Advisors LLC now owns 172,057 shares of the e-commerce giant's stock worth $31,808,000 after purchasing an additional 9,483 shares in the last quarter. Finally, Aries Wealth Management grew its position in Amazon.com by 3.6% in the first quarter. Aries Wealth Management now owns 41,828 shares of the e-commerce giant's stock valued at $7,958,000 after purchasing an additional 1,441 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BNP Paribas raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Benchmark reiterated a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Wedbush restated an "outperform" rating and set a $235.00 target price (up from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.23.

Amazon.com Stock Performance

Shares of AMZN traded down $0.54 during mid-day trading on Wednesday, hitting $219.92. The stock had a trading volume of 30,814,701 shares, compared to its average volume of 42,036,639. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm has a market cap of $2.33 trillion, a P/E ratio of 35.82, a PEG ratio of 1.65 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business has a fifty day moving average price of $204.25 and a 200-day moving average price of $208.75.

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

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 3,100,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the transaction, the insider directly owned 905,679,901 shares of the company's stock, valued at approximately $200,535,643,679.42. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 13,570 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president directly owned 47,030 shares of the company's stock, valued at $9,519,342.30. This trade represents a 22.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,424,463 shares of company stock valued at $756,747,557. Corporate insiders own 10.80% of the company's stock.

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.