Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 201,833 shares of the e-commerce giant's stock after selling 5,228 shares during the period. Amazon.com accounts for approximately 3.0% of Strategic Wealth Investment Group LLC's investment portfolio, making the stock its 5th largest holding. Strategic Wealth Investment Group LLC's holdings in Amazon.com were worth $44,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after buying an additional 100 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com during the third quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. acquired a new stake in shares of Amazon.com during the third quarter worth $56,000. Finally, IFS Advisors LLC grew its stake in shares of Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant's stock worth $76,000 after purchasing an additional 325 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded down $6.30 during trading on Friday, reaching $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,339,464. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.30 trillion, a PE ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. The stock has a 50-day moving average price of $227.88 and a 200-day moving average price of $203.96. 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 quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares in the company, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,852 shares of company stock worth $9,324,151 over the last quarter. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Monness Crespi & Hardt lifted their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company dropped their price target on Amazon.com from $212.00 to $207.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Robert W. Baird increased their target price on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given 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 $260.74.

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.