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

Firethorn Wealth Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 13,373 shares of the e-commerce giant’s stock after purchasing an additional 137 shares during the period. Amazon.com makes up about 1.5% of Firethorn Wealth Partners LLC’s holdings, making the stock its 17th largest holding. Firethorn Wealth Partners LLC’s holdings in Amazon.com were worth $2,934,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fiera Capital Corp boosted its holdings in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the last quarter. Mystic Asset Management Inc. lifted its position in Amazon.com by 1.6% during the second quarter. Mystic Asset Management Inc. now owns 17,034 shares of the e-commerce giant’s stock worth $3,292,000 after buying an additional 274 shares during the period. MayTech Global Investments LLC boosted its stake in Amazon.com by 1.8% in the 2nd quarter. MayTech Global Investments LLC now owns 222,873 shares of the e-commerce giant’s stock worth $43,070,000 after buying an additional 3,904 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Amazon.com by 307.7% in the 2nd quarter. WINTON GROUP Ltd now owns 22,965 shares of the e-commerce giant’s stock valued at $4,438,000 after buying an additional 17,332 shares during the period. Finally, Nia Impact Advisors LLC acquired a new position in shares of Amazon.com during the 2nd quarter valued at about $222,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.6 %

NASDAQ:AMZN opened at $228.93 on Thursday. The stock has a 50-day simple moving average of $227.77 and a 200 day simple moving average of $201.59. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMZN shares. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Benchmark upped their price objective on shares of Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Susquehanna upped their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Mizuho upped their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $260.74.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock valued at $6,168,581 over the last 90 days. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.