Firethorn Wealth Partners LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Firethorn Wealth Partners LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1,677.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,856 shares of the e-commerce giant’s stock after acquiring an additional 7,414 shares during the quarter. Amazon.com makes up 0.9% of Firethorn Wealth Partners LLC’s holdings, making the stock its 25th biggest position. Firethorn Wealth Partners LLC’s holdings in Amazon.com were worth $1,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Savior LLC boosted its stake in Amazon.com by 1,085.0% in the second quarter. Savior LLC now owns 237 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 217 shares during the last quarter. Rocky Mountain Advisers LLC lifted its stake in shares of Amazon.com by 1,311.8% during the 2nd quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 223 shares in the last quarter. Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 1,900.0% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 300 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 285 shares in the last quarter. West Financial Advisors LLC lifted its stake in shares of Amazon.com by 1,584.2% during the 2nd quarter. West Financial Advisors LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 301 shares in the last quarter. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at approximately $38,000. 57.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company’s stock, valued at approximately $13,141,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 15,787 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares of the company’s stock, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders sold 269,412 shares of company stock valued at $7,914,139 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $93.20 on Wednesday. The stock has a market capitalization of $950.79 billion, a price-to-earnings ratio of 85.54, a price-to-earnings-growth ratio of 6.29 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 company has a fifty day moving average of $109.13 and a 200-day moving average of $116.76. Amazon.com, Inc. has a 52-week low of $85.87 and a 52-week high of $181.68.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to analysts’ expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMZN. Itaú Unibanco began coverage on shares of Amazon.com in a research note on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price target on the stock. JMP Securities dropped their price target on shares of Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Wells Fargo & Company dropped their price target on shares of Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Finally, Jefferies Financial Group dropped their price target on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $150.77.

Amazon.com Company Profile

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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.

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

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