Sowell Financial Services LLC Has $48.41 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Sowell Financial Services LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,647 shares of the e-commerce giant's stock after selling 29,440 shares during the quarter. Amazon.com makes up approximately 2.5% of Sowell Financial Services LLC's investment portfolio, making the stock its 5th largest position. Sowell Financial Services LLC's holdings in Amazon.com were worth $48,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Accordant Advisory Group Inc grew its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Compass Planning Associates Inc acquired a new position in shares of Amazon.com in the fourth quarter worth $51,000. Quattro Financial Advisors LLC increased its position in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after acquiring an additional 45 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at $54,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Amazon.com by 64.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant's stock valued at $63,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 in the last three months. Corporate insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Loop Capital upped their price target on Amazon.com from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 7th. Sanford C. Bernstein boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $258.19.

Amazon.com Price Performance

AMZN stock traded up $3.65 during trading on Friday, hitting $184.87. The stock had a trading volume of 50,532,441 shares, compared to its average volume of 41,604,472. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company's 50 day moving average price is $204.23 and its two-hundred day moving average price is $208.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.