Sugarloaf Wealth Management LLC Trims Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Sugarloaf Wealth Management LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,821 shares of the e-commerce giant's stock after selling 2,238 shares during the quarter. Amazon.com accounts for about 0.8% of Sugarloaf Wealth Management LLC's holdings, making the stock its 19th largest position. Sugarloaf Wealth Management LLC's holdings in Amazon.com were worth $4,787,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Semus Wealth Partners LLC lifted its stake in Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock worth $3,339,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after acquiring an additional 51 shares during the last quarter. O Connor Financial Group LLC lifted its stake in shares of Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after acquiring an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC boosted its holdings in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock valued at $1,396,000 after acquiring an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC increased its stake in Amazon.com by 4.4% in the third quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Amazon.com stock traded up $4.30 during mid-day trading on Wednesday, hitting $235.01. The company had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 50.32, a P/E/G ratio of 1.26 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $235.44. The company's fifty day moving average is $218.73 and its 200-day moving average is $196.68. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Jefferies Financial Group upped their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, December 16th. DA Davidson reaffirmed a "buy" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Scotiabank raised their price objective on Amazon.com from $245.00 to $246.00 and gave the stock a "sector outperform" rating in a report on Friday, November 1st. Finally, Wedbush lifted their target price on Amazon.com from $250.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Two equities research 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. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $247.72.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. Company insiders own 10.80% of the company's stock.

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.