Summit Wealth Group LLC Sells 75 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Summit Wealth Group LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,573 shares of the e-commerce giant’s stock after selling 75 shares during the quarter. Summit Wealth Group LLC’s holdings in Amazon.com were worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Cavalier Investments LLC raised its holdings in shares of Amazon.com by 4.3% during the fourth quarter. Cavalier Investments LLC now owns 127,031 shares of the e-commerce giant’s stock worth $27,869,000 after acquiring an additional 5,272 shares during the period. Daner Wealth Management LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $973,000. FFT Wealth Management LLC lifted its holdings in shares of Amazon.com by 4.3% in the fourth quarter. FFT Wealth Management LLC now owns 35,112 shares of the e-commerce giant’s stock valued at $7,703,000 after purchasing an additional 1,461 shares in the last quarter. Delta Financial Advisors LLC boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Delta Financial Advisors LLC now owns 27,618 shares of the e-commerce giant’s stock worth $6,059,000 after buying an additional 633 shares during the period. Finally, Longbow Finance SA grew its holdings in shares of Amazon.com by 18.5% during the fourth quarter. Longbow Finance SA now owns 131,300 shares of the e-commerce giant’s stock worth $28,806,000 after buying an additional 20,456 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $201.36 on Friday. The business has a fifty day simple moving average of $217.53 and a 200 day simple moving average of $208.75. The company has a market cap of $2.13 trillion, a P/E ratio of 36.41, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Benchmark boosted their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Mizuho increased their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Citigroup restated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus 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.