Resolute Financial LLC Purchases 2,059 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Resolute Financial LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2,038.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,160 shares of the e-commerce giant’s stock after acquiring an additional 2,059 shares during the quarter. Resolute Financial LLC’s holdings in Amazon.com were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Elkhorn Partners Limited Partnership boosted its holdings in shares of Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock valued at $59,000 after buying an additional 16 shares in the last quarter. Dravo Bay LLC acquired a new stake in Amazon.com in the 1st quarter worth approximately $72,000. Cordant Inc. acquired a new stake in Amazon.com in the 1st quarter worth approximately $150,000. Moisand Fitzgerald Tamayo LLC boosted its stake in Amazon.com by 36.1% in the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock worth $160,000 after purchasing an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. boosted its stake in Amazon.com by 900.0% in the 1st quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock worth $162,000 after purchasing an additional 45 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMZN shares. MKM Partners lowered their target price on shares of Amazon.com to $145.00 in a research note on Tuesday, November 1st. Itau BBA Securities started coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $146.00 target price for the company. Jefferies Financial Group lowered their target price on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Finally, Atlantic Securities reduced their price target on shares of Amazon.com from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $150.89.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,720 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the transaction, the director now directly owns 22,440 shares of the company’s stock, valued at $2,147,508. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the 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 sale, the insider now directly owns 14,178,445 shares of the company’s stock, valued at $334,753,086.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,720 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $95.70, for a total value of $164,604.00. Following the completion of the sale, the director now directly owns 22,440 shares of the company’s stock, valued at $2,147,508. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,420 shares of company stock worth $12,769,879. Company insiders own 12.70% of the company’s stock.

Amazon.com Trading Down 0.7 %

Shares of AMZN stock opened at $94.14 on Friday. The stock 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. Amazon.com, Inc. has a twelve month low of $85.87 and a twelve month high of $188.11. The company’s 50-day moving average price is $110.68 and its 200-day moving average price is $117.14. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. Amazon.com’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 0.62 earnings per share for the current year.

Amazon.com 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.