Bonfire Financial Purchases New Shares in Amazon.com, Inc. (NASDAQ:AMZN)

Bonfire Financial acquired a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,047 shares of the e-commerce giant’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently bought and sold shares of AMZN. AMF Tjanstepension AB grew its stake in Amazon.com by 44.3% in the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock valued at $492,172,000 after purchasing an additional 811,425 shares during the period. Nvest Financial LLC grew its stake in Amazon.com by 1.8% in the 3rd quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock valued at $4,433,000 after purchasing an additional 422 shares during the period. Pacific Sun Financial Corp grew its stake in Amazon.com by 0.7% in the 3rd quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock valued at $1,628,000 after purchasing an additional 60 shares during the period. Ferguson Shapiro LLC grew its stake in Amazon.com by 2.8% in the 3rd quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock valued at $1,173,000 after purchasing an additional 173 shares during the period. Finally, Freestate Advisors LLC bought a new position in Amazon.com in the 3rd quarter valued at $252,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMZN shares. Royal Bank of Canada increased their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group reissued an “outperform” rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Finally, Morgan Stanley raised their price objective on Amazon.com from $230.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.65.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is owned by insiders.

Amazon.com Trading Down 0.7 %

NASDAQ AMZN opened at $199.25 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a P/E/G ratio of 1.50 and a beta of 1.19. The stock’s 50 day moving average is $224.11 and its 200 day moving average is $206.80.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.