Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,152 shares of the e-commerce giant’s stock after acquiring an additional 1,056 shares during the period. Amazon.com comprises approximately 1.2% of Firethorn Wealth Partners LLC’s holdings, making the stock its 19th largest holding. Firethorn Wealth Partners LLC’s holdings in Amazon.com were worth $2,012,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares during the last quarter. Strid Group LLC bought a new stake in Amazon.com in the fourth quarter valued at $43,000. Clarity Asset Management Inc. acquired a new position in shares of Amazon.com during the fourth quarter valued at $46,000. Finally, Steph & Co. bought a new position in shares of Amazon.com during the first quarter worth about $65,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.2 %

Shares of NASDAQ AMZN opened at $197.59 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $200.43. The business has a 50-day moving average price of $184.68 and a two-hundred day moving average price of $173.98. The firm has a market capitalization of $2.06 trillion, a PE ratio of 55.35, a PEG ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMZN shares. JMP Securities reissued a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird raised their target price on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Barclays boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $215.86.

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 69,548 shares of company stock worth $12,774,204 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

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.