Sfmg LLC Boosts Position in Amazon.com, Inc. (AMZN)

Sfmg LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,743 shares of the e-commerce giant’s stock after acquiring an additional 111 shares during the period. Amazon.com comprises 0.4% of Sfmg LLC’s investment portfolio, making the stock its 22nd biggest position. Sfmg LLC’s holdings in Amazon.com were worth $2,679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Summit Trail Advisors LLC increased its holdings in shares of Amazon.com by 180,406.1% in the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after acquiring an additional 9,842,959 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Amazon.com by 198,956.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock valued at $1,949,000 after acquiring an additional 3,338,491 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Amazon.com by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 1,853,073 shares of the e-commerce giant’s stock valued at $2,682,027,000 after acquiring an additional 59,516 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Amazon.com by 4.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,519,232 shares of the e-commerce giant’s stock valued at $2,582,390,000 after acquiring an additional 69,312 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Amazon.com by 8.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,418,279 shares of the e-commerce giant’s stock valued at $2,410,791,000 after acquiring an additional 111,901 shares during the last quarter. 56.12% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com stock opened at $1,690.17 on Friday. Amazon.com, Inc. has a twelve month low of $1,124.74 and a twelve month high of $2,050.50. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The company has a market cap of $818.32 billion, a price-to-earnings ratio of 371.47, a P/E/G ratio of 3.18 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The company had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, research analysts forecast that Amazon.com, Inc. will post 19.49 EPS for the current year.

A number of research analysts have recently commented on AMZN shares. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $2,525.00 price objective on shares of Amazon.com in a report on Friday, October 12th. Nomura reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, November 8th. SunTrust Banks increased their price objective on Amazon.com to $2,250.00 and gave the company a “buy” rating in a report on Friday, October 26th. Finally, BidaskClub downgraded Amazon.com from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Three analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,101.01.

In other news, VP Shelley Reynolds sold 437 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,573.11, for a total value of $687,449.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $20,042,500. The disclosure for this sale can be found here. Insiders sold a total of 27,842 shares of company stock valued at $46,521,741 over the last three months. Insiders own 16.30% of the company’s stock.

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About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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