Strategic Financial Partners Ltd. Buys New Position in Amazon.com, Inc. (NASDAQ:AMZN)

Strategic Financial Partners Ltd. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,253 shares of the e-commerce giant’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rench Wealth Management Inc. lifted its position in shares of Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock worth $9,392,000 after buying an additional 3,703 shares during the period. Blankinship & Foster LLC boosted its holdings in Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after acquiring an additional 4,740 shares during the last quarter. One Wealth Capital Management LLC acquired a new stake in Amazon.com during the 4th quarter worth $4,270,000. Floyd Financial Group LLC acquired a new position in shares of Amazon.com during the 4th quarter worth about $4,494,000. Finally, Washington Trust Advisors Inc. raised its holdings in Amazon.com by 0.4% in the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant’s stock worth $41,972,000 after purchasing an additional 982 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.0 %

AMZN opened at $172.51 on Friday. The company’s 50-day moving average is $199.65 and its 200 day moving average is $207.97. The firm has a market capitalization of $1.83 trillion, a P/E ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 5,848 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the transaction, the senior vice president now owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This represents a 7.80 % 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, VP Shelley Reynolds sold 8,833 shares of the business’s 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 completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Mizuho reduced their price target on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Oppenheimer raised their price target on Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JMP Securities lowered their price objective on Amazon.com from $285.00 to $240.00 and set a “market outperform” rating on the stock in a research note on Monday. Finally, Morgan Stanley reduced their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.73.

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.