SFE Investment Counsel Has $14.35 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

SFE Investment Counsel raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,425 shares of the e-commerce giant's stock after acquiring an additional 1,445 shares during the quarter. Amazon.com comprises approximately 3.0% of SFE Investment Counsel's investment portfolio, making the stock its 5th biggest holding. SFE Investment Counsel's holdings in Amazon.com were worth $14,354,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Intelligence Driven Advisers LLC raised its position in shares of Amazon.com by 47.6% during the fourth quarter. Intelligence Driven Advisers LLC now owns 10,540 shares of the e-commerce giant's stock worth $2,312,000 after acquiring an additional 3,401 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Amazon.com by 1.2% during the 4th quarter. Pathway Financial Advisers LLC now owns 7,117 shares of the e-commerce giant's stock worth $1,561,000 after purchasing an additional 84 shares during the last quarter. G&S Capital LLC lifted its position in Amazon.com by 3.3% during the 4th quarter. G&S Capital LLC now owns 6,246 shares of the e-commerce giant's stock valued at $1,370,000 after purchasing an additional 197 shares during the period. MGB Wealth Management LLC boosted its stake in shares of Amazon.com by 14.2% in the 4th quarter. MGB Wealth Management LLC now owns 10,217 shares of the e-commerce giant's stock valued at $2,245,000 after purchasing an additional 1,267 shares during the last quarter. Finally, One Plus One Wealth Management LLC grew its position in shares of Amazon.com by 35.0% during the 4th quarter. One Plus One Wealth Management LLC now owns 6,806 shares of the e-commerce giant's stock worth $1,493,000 after buying an additional 1,766 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, December 10th. Maxim Group lifted their price objective on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. DA Davidson upped their price objective on Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Cantor Fitzgerald restated an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.65.

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Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock valued at $22,871,828 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $198.89 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.11 trillion, a PE ratio of 35.97, a P/E/G ratio of 1.50 and a beta of 1.19. The firm has a 50-day moving average of $222.71 and a 200-day moving average of $207.20. 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 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 return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.

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