Second Half Financial Partners LLC Acquires 2,308 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Second Half Financial Partners LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,876.4% in the third quarter, Holdings Channel reports. The firm owned 2,431 shares of the e-commerce giant’s stock after purchasing an additional 2,308 shares during the quarter. Second Half Financial Partners LLC’s holdings in Amazon.com were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Iron Horse Wealth Management LLC lifted its stake in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares during the last quarter. Wells Financial Advisors INC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares during the last quarter. Knott David M Jr acquired a new stake in Amazon.com in the second quarter valued at $32,000. Laurel Wealth Planning LLC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the last quarter. Finally, Baron Financial Group LLC lifted its stake in Amazon.com by 1,900.0% in the second quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 342 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 5,100 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the sale, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold 71,394 shares of company stock worth $6,994,626 in the last quarter. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Up 2.7 %

Shares of NASDAQ AMZN opened at $94.88 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83. The company’s 50 day moving average price is $96.20 and its 200-day moving average price is $101.99. The company has a market capitalization of $972.26 billion, a P/E ratio of -351.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The company had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on AMZN shares. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Oppenheimer raised their target price on shares of Amazon.com from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group cut their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Amazon.com in a research note on Friday, February 3rd. Finally, Roth Capital restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.