Firethorn Wealth Partners LLC Has $3.24 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Firethorn Wealth Partners LLC increased its holdings in Amazon by 10.8% during the second quarter, owning 14,780 shares worth approximately $3.24 million, making it the firm's 18th largest position.
• Several equities analysts have reiterated positive ratings on Amazon, with price targets ranging from $260.00 to $297.00, and a consensus rating of "Buy".
• Amazon reported a quarterly earnings per share (EPS) of $1.68, exceeding analysts’ expectations of $1.31, along with a revenue of $167.70 billion, marking a 13.3% increase year-over-year.

Firethorn Wealth Partners LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,780 shares of the e-commerce giant's stock after purchasing an additional 1,444 shares during the quarter. Amazon.com makes up about 1.4% of Firethorn Wealth Partners LLC's investment portfolio, making the stock its 18th largest position. Firethorn Wealth Partners LLC's holdings in Amazon.com were worth $3,243,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after buying an additional 95 shares during the period. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMZN shares. JMP Securities restated a "market outperform" rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Susquehanna lifted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Amazon.com in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a "buy" rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $267.27.

Amazon.com Stock Up 2.6%

NASDAQ AMZN opened at $222.03 on Wednesday. The stock has a fifty day moving average of $225.57 and a 200-day moving average of $213.26. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 17,785 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,715 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,741,053 shares of company stock valued at $630,824,413 in the last ninety days. 10.80% of the stock is currently owned by insiders.

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.

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