Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Sweet Financial Partners LLC

Sweet Financial Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2,333.9% during the second quarter, HoldingsChannel reports. The fund owned 7,545 shares of the e-commerce giant’s stock after acquiring an additional 7,235 shares during the quarter. Sweet Financial Partners LLC’s holdings in Amazon.com were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. LRT Capital Management LLC acquired a new position in Amazon.com during the first quarter worth about $939,000. Bellecapital International Ltd. grew its position in Amazon.com by 1,993.8% during the second quarter. Bellecapital International Ltd. now owns 70,644 shares of the e-commerce giant’s stock worth $7,503,000 after buying an additional 67,270 shares during the period. Van Hulzen Asset Management LLC grew its position in Amazon.com by 2.1% during the first quarter. Van Hulzen Asset Management LLC now owns 3,993 shares of the e-commerce giant’s stock worth $13,017,000 after buying an additional 82 shares during the period. Bouchey Financial Group Ltd grew its position in Amazon.com by 2,027.5% during the second quarter. Bouchey Financial Group Ltd now owns 160,326 shares of the e-commerce giant’s stock worth $17,028,000 after buying an additional 152,790 shares during the period. Finally, Ervin Investment Management LLC grew its position in Amazon.com by 1,900.0% during the second quarter. Ervin Investment Management LLC now owns 2,940 shares of the e-commerce giant’s stock worth $320,000 after buying an additional 2,793 shares during the period. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.7 %

Shares of NASDAQ AMZN opened at $94.14 on Friday. Amazon.com, Inc. has a 1 year low of $85.87 and a 1 year high of $188.11. The firm has a market cap of $960.38 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 7.53 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock’s 50-day simple moving average is $110.68 and its 200-day simple moving average is $117.14.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company 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. Amazon.com’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMZN. Benchmark lowered their target price on shares of Amazon.com from $160.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Tigress Financial reduced their price target on shares of Amazon.com from $232.00 to $192.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. UBS Group upped their price target on shares of Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a report on Friday, July 29th. Mizuho reduced their price target on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Truist Financial reduced their price target on shares of Amazon.com from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.89.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, major shareholder Amazon Com Inc sold 250,000 shares of Amazon.com stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the transaction, the insider now directly owns 14,178,445 shares in the company, valued at $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brian T. Olsavsky sold 16,720 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.55, for a total transaction of $2,266,396.00. Following the completion of the transaction, the chief financial officer now directly owns 47,500 shares in the company, valued at $6,438,625. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Amazon Com Inc sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $23.61, for a total value of $5,902,500.00. Following the transaction, the insider now owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders sold a total of 305,420 shares of company stock worth $12,769,879 over the last ninety days. Company insiders own 12.70% of the company’s stock.

Amazon.com Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZNGet Rating).

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.