STF Management LP Has $10.88 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

STF Management LP cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,363 shares of the e-commerce giant’s stock after selling 5,395 shares during the quarter. Amazon.com accounts for 4.9% of STF Management LP’s investment portfolio, making the stock its 6th largest holding. STF Management LP’s holdings in Amazon.com were worth $10,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ERn Financial LLC increased its position in Amazon.com by 2.2% in the 2nd quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock valued at $3,650,000 after buying an additional 413 shares in the last quarter. Everpar Advisors LLC grew its stake in Amazon.com by 25.2% in the second quarter. Everpar Advisors LLC now owns 22,270 shares of the e-commerce giant’s stock valued at $4,304,000 after acquiring an additional 4,483 shares during the period. FMA Wealth Management LLC increased its holdings in shares of Amazon.com by 15.4% during the second quarter. FMA Wealth Management LLC now owns 1,500 shares of the e-commerce giant’s stock valued at $290,000 after acquiring an additional 200 shares in the last quarter. E&G Advisors LP raised its position in shares of Amazon.com by 1.3% during the second quarter. E&G Advisors LP now owns 26,223 shares of the e-commerce giant’s stock worth $5,068,000 after purchasing an additional 341 shares during the period. Finally, 1858 Wealth Management LLC lifted its holdings in shares of Amazon.com by 21.4% in the 2nd quarter. 1858 Wealth Management LLC now owns 16,610 shares of the e-commerce giant’s stock worth $3,210,000 after purchasing an additional 2,929 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 0.4 %

NASDAQ:AMZN opened at $220.22 on Friday. Amazon.com, Inc. has a 1 year low of $144.05 and a 1 year high of $233.00. The stock’s fifty day moving average price is $211.67 and its two-hundred day moving average price is $193.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.32 trillion, a P/E ratio of 47.16, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. Tigress Financial boosted their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital lifted their price target on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of Amazon.com stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by corporate insiders.

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.