Guardian Financial Partners LLC Purchases 2,184 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Guardian Financial Partners LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 70.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,286 shares of the e-commerce giant’s stock after acquiring an additional 2,184 shares during the period. Guardian Financial Partners LLC’s holdings in Amazon.com were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth about $35,000. Perritt Capital Management Inc boosted its position in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. Finally, Compass Planning Associates Inc bought a new position in shares of Amazon.com in the 4th quarter worth approximately $51,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

AMZN opened at $225.69 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 1.69 and a beta of 1.33. The company’s 50 day moving average is $210.69 and its 200 day moving average is $208.38. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the transaction, the chief executive officer owned 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of Amazon.com stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Insiders have sold a total of 6,886,613 shares of company stock valued at $1,531,840,610 in the last 90 days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Scotiabank dropped their price target on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 21st. Royal Bank Of Canada lowered their price objective on Amazon.com from $235.00 to $230.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus reduced their target price on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. JMP Securities increased their price target on shares of Amazon.com from $250.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 10th. Finally, Moffett Nathanson increased their price target on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.42.

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.