Amazon.com, Inc. (NASDAQ:AMZN) Position Boosted by Second Half Financial Partners LLC

Second Half Financial Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1,876.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,431 shares of the e-commerce giant’s stock after purchasing an additional 2,308 shares during the period. Second Half Financial Partners LLC’s holdings in Amazon.com were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AMZN. Kavar Capital Partners Group LLC lifted its position in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its position in Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its position in Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares in the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Activity

In related news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock valued at $6,994,626 in the last ninety days. 12.70% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN opened at $94.88 on Wednesday. The company has a fifty day moving average price of $96.20 and a two-hundred day moving average price of $101.99. The firm has a market capitalization of $972.26 billion, a PE ratio of -351.41, a P/E/G ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. During the same period last year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. DA Davidson raised their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Wells Fargo & Company cut their price objective on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Piper Sandler increased their price target on Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. The Goldman Sachs Group lowered their price target on Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Finally, Roth Capital reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

About Amazon.com

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.