Amazon.com (AMZN) Holdings Lessened by SFE Investment Counsel

SFE Investment Counsel lessened its holdings in shares of Amazon.com (NASDAQ:AMZN) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,095 shares of the e-commerce giant’s stock after selling 38 shares during the quarter. Amazon.com accounts for about 1.6% of SFE Investment Counsel’s portfolio, making the stock its 21st largest position. SFE Investment Counsel’s holdings in Amazon.com were worth $3,032,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMZN. Joel Isaacson & Co. LLC raised its stake in shares of Amazon.com by 19.1% during the first quarter. Joel Isaacson & Co. LLC now owns 2,462 shares of the e-commerce giant’s stock valued at $3,563,000 after acquiring an additional 395 shares in the last quarter. Klingenstein Fields & Co. LLC raised its stake in shares of Amazon.com by 0.6% during the first quarter. Klingenstein Fields & Co. LLC now owns 27,965 shares of the e-commerce giant’s stock valued at $40,475,000 after acquiring an additional 170 shares in the last quarter. American National Insurance Co. TX raised its stake in shares of Amazon.com by 57.0% during the first quarter. American National Insurance Co. TX now owns 29,070 shares of the e-commerce giant’s stock valued at $42,074,000 after acquiring an additional 10,555 shares in the last quarter. Filament LLC raised its stake in shares of Amazon.com by 88.7% during the first quarter. Filament LLC now owns 798 shares of the e-commerce giant’s stock valued at $1,154,000 after acquiring an additional 375 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Amazon.com by 15.1% during the first quarter. Wedge Capital Management L L P NC now owns 343 shares of the e-commerce giant’s stock valued at $496,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 56.62% of the company’s stock.

NASDAQ:AMZN opened at $1,715.67 on Friday. Amazon.com has a one year low of $931.75 and a one year high of $1,763.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 1.06. The firm has a market capitalization of $839.55 billion, a price-to-earnings ratio of 377.07, a price-to-earnings-growth ratio of 4.50 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, beating the consensus estimate of $1.80 by $1.47. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The company had revenue of $51.04 billion for the quarter, compared to analyst estimates of $49.94 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’s revenue was up 42.9% on a year-over-year basis. sell-side analysts anticipate that Amazon.com will post 12.73 earnings per share for the current year.

In other Amazon.com news, VP Shelley Reynolds sold 435 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,578.02, for a total value of $686,438.70. Following the sale, the vice president now directly owns 6,408 shares of the company’s stock, valued at $10,111,952.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,054 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,574.11, for a total transaction of $3,233,221.94. Following the completion of the sale, the senior vice president now directly owns 44,541 shares in the company, valued at $70,112,433.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,493 shares of company stock worth $16,569,014. 16.30% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on AMZN shares. UBS Group lifted their price target on shares of Amazon.com to $1,760.00 and gave the company a “buy” rating in a research note on Friday, March 9th. They noted that the move was a valuation call. Wells Fargo & Co reaffirmed a “buy” rating and set a $1,755.00 price target on shares of Amazon.com in a research note on Tuesday, April 3rd. Argus decreased their price target on shares of Amazon.com from $1,550.00 to $1,392.05 and set a “fair value” rating for the company in a research note on Wednesday, April 4th. Loop Capital lifted their price target on shares of Amazon.com to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 27th. Finally, BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Two analysts have rated the stock with a hold rating, fifty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,715.55.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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