Second Half Financial Partners LLC Sells 29,650 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Second Half Financial Partners LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 90.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,004 shares of the e-commerce giant’s stock after selling 29,650 shares during the period. Amazon.com comprises about 0.2% of Second Half Financial Partners LLC’s holdings, making the stock its 27th largest position. Second Half Financial Partners LLC’s holdings in Amazon.com were worth $382,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its position in shares of Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the period. PayPay Securities Corp raised its stake in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. 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 worth $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $37,000. Finally, Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $38,000. 57.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $147.76, for a total value of $73,880.00. Following the transaction, the chief executive officer now owns 120,560 shares in the company, valued at approximately $17,813,945.60. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $147.76, for a total transaction of $73,880.00. Following the sale, the chief executive officer now directly owns 120,560 shares in the company, valued at approximately $17,813,945.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,155,454 shares of company stock worth $5,495,283,506. 12.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Raymond James raised their price target on Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Barclays raised their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Susquehanna lifted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $197.95.

View Our Latest Analysis on Amazon.com

Amazon.com Trading Down 0.4 %

Shares of AMZN opened at $177.58 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $88.12 and a fifty-two week high of $180.14. The company’s fifty day moving average is $161.80 and its 200 day moving average is $146.48. The stock has a market capitalization of $1.84 trillion, a PE ratio of 61.23, a P/E/G ratio of 1.56 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. Sell-side analysts expect that Amazon.com, Inc. will post 4.06 earnings per share for the current fiscal year.

About Amazon.com

(Free Report)

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.

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

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