Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Friedenthal Financial

Friedenthal Financial boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 134.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,280 shares of the e-commerce giant’s stock after purchasing an additional 735 shares during the quarter. Friedenthal Financial’s holdings in Amazon.com were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Heritage Family Offices LLP acquired a new position in Amazon.com in the second quarter valued at $206,000. Values Added Financial LLC raised its position in shares of Amazon.com by 3.2% during the 2nd quarter. Values Added Financial LLC now owns 13,026 shares of the e-commerce giant’s stock worth $2,517,000 after purchasing an additional 399 shares during the period. MBA Advisors LLC increased its position in Amazon.com by 1.3% in the 2nd quarter. MBA Advisors LLC now owns 6,766 shares of the e-commerce giant’s stock valued at $1,308,000 after acquiring an additional 86 shares during the period. Searle & CO. increased its position in shares of Amazon.com by 12.3% during the 2nd quarter. Searle & CO. now owns 12,692 shares of the e-commerce giant’s stock valued at $2,453,000 after purchasing an additional 1,392 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its position in shares of Amazon.com by 15.7% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 148,136 shares of the e-commerce giant’s stock valued at $28,416,000 after purchasing an additional 20,053 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Morgan Stanley lifted their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. HSBC boosted their price objective on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Susquehanna raised their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Evercore ISI raised their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.72.

Amazon.com Price Performance

Amazon.com stock opened at $235.42 on Friday. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.29 and a beta of 1.14. The firm’s fifty day moving average is $219.15 and its 200 day moving average is $196.95. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $235.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Sell-side analysts forecast that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

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.