Sather Financial Group Inc Sells 3,289 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sather Financial Group Inc reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,249 shares of the e-commerce giant's stock after selling 3,289 shares during the period. Sather Financial Group Inc's holdings in Amazon.com were worth $3,346,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMZN. International Assets Investment Management LLC boosted its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Amazon.com by 82,457.3% during the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant's stock worth $2,125,148,000 after purchasing an additional 11,391,479 shares in the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock valued at $37,116,341,000 after buying an additional 6,545,944 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in Amazon.com by 23,742.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant's stock worth $1,119,463,000 after buying an additional 5,081,217 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 2.6 %

Shares of NASDAQ:AMZN traded down $5.17 during trading on Thursday, hitting $193.72. 34,028,390 shares of the company's stock were exchanged, compared to its average volume of 39,159,719. The firm has a 50-day moving average price of $222.71 and a two-hundred day moving average price of $207.20. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a market cap of $2.05 trillion, a P/E ratio of 35.03, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Raymond James lifted their target price on shares of Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Rosenblatt Securities upped their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Scotiabank raised their target price on Amazon.com from $246.00 to $306.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Mizuho upped their price target on Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Company 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.