Firethorn Wealth Partners LLC Acquires 7,414 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Firethorn Wealth Partners LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1,677.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,856 shares of the e-commerce giant’s stock after purchasing an additional 7,414 shares during the quarter. Amazon.com accounts for 0.9% of Firethorn Wealth Partners LLC’s holdings, making the stock its 25th largest position. Firethorn Wealth Partners LLC’s holdings in Amazon.com were worth $1,064,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Savior LLC increased its stake in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC increased its stake in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares during the last quarter. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 1,900.0% in the second quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 285 shares during the last quarter. West Financial Advisors LLC increased its stake in Amazon.com by 1,584.2% in the second quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 301 shares during the last quarter. Finally, Swaine & Leidel Wealth Services LLC bought a new position in Amazon.com in the first quarter valued at approximately $38,000. 57.15% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $95.70, for a total transaction of $164,604.00. Following the completion of the sale, the director now directly owns 22,440 shares of the company’s stock, valued at $2,147,508. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now directly owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $95.70, for a total transaction of $164,604.00. Following the transaction, the director now owns 22,440 shares in the company, valued at $2,147,508. The disclosure for this sale can be found here. Insiders sold a total of 269,412 shares of company stock valued at $7,914,139 over the last three months. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. MKM Partners decreased their price objective on shares of Amazon.com to $145.00 in a research note on Tuesday, November 1st. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Bank of America cut their target price on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Barclays cut their target price on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Amazon.com from $175.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.77.

Amazon.com Trading Up 0.8 %

AMZN opened at $93.20 on Wednesday. Amazon.com, Inc. has a 1-year low of $85.87 and a 1-year high of $181.68. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market cap of $950.79 billion, a P/E ratio of 85.54, a price-to-earnings-growth ratio of 6.29 and a beta of 1.23. The company has a fifty day moving average price of $109.13 and a two-hundred day moving average price of $116.76.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 0.74 EPS for the current fiscal year.

Amazon.com Profile

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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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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

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