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

Second Half Financial Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,201 shares of the e-commerce giant’s stock after purchasing an additional 327 shares during the quarter. Second Half Financial Partners LLC’s holdings in Amazon.com were worth $1,360,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its stake in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 80 shares during the period. Finally, Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $206.16 on Tuesday. The stock has a market cap of $2.19 trillion, a P/E ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a fifty day moving average price of $189.48 and a 200 day moving average price of $208.82. 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 earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Benchmark restated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Citizens Jmp decreased their price target on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Citigroup reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, May 2nd. Cantor Fitzgerald raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Loop Capital lifted their price target on Amazon.com from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,081 shares of company stock valued at $17,421,044 in the last 90 days. 9.70% of the stock is currently owned by insiders.

About Amazon.com

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.