Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% during the third quarter, Holdings Channel reports. The firm owned 13,236 shares of the e-commerce giant’s stock after purchasing an additional 1,909 shares during the period. Amazon.com makes up 1.3% of Firethorn Wealth Partners LLC’s portfolio, making the stock its 18th largest holding. Firethorn Wealth Partners LLC’s holdings in Amazon.com were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Provident Wealth Management LLC raised its holdings in Amazon.com by 9.9% during the 3rd quarter. Provident Wealth Management LLC now owns 2,919 shares of the e-commerce giant’s stock worth $544,000 after buying an additional 263 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Amazon.com by 0.5% in the third quarter. Wolff Wiese Magana LLC now owns 11,954 shares of the e-commerce giant’s stock worth $2,227,000 after acquiring an additional 57 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Amazon.com during the third quarter valued at approximately $271,000. Amplius Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.9% in the 3rd quarter. Amplius Wealth Advisors LLC now owns 14,550 shares of the e-commerce giant’s stock valued at $2,711,000 after acquiring an additional 132 shares in the last quarter. Finally, Indiana Trust & Investment Management Co boosted its stake in Amazon.com by 15.2% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 42,401 shares of the e-commerce giant’s stock worth $7,901,000 after purchasing an additional 5,600 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 3.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $202.61 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.13 trillion, a PE ratio of 43.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. The firm has a fifty day moving average price of $190.54 and a two-hundred day moving average price of $185.54. Amazon.com, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $215.90.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America lifted their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company lowered shares of Amazon.com from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $225.00 to $183.00 in a research report on Monday, October 7th. Robert W. Baird boosted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush increased their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Company 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.