Symmetry Investments LP Has $34.05 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Symmetry Investments LP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,220 shares of the e-commerce giant’s stock after selling 23,438 shares during the quarter. Amazon.com makes up approximately 1.8% of Symmetry Investments LP’s investment portfolio, making the stock its 8th largest position. Symmetry Investments LP’s holdings in Amazon.com were worth $34,054,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Oxford Wealth Group LLC raised its holdings in Amazon.com by 4.9% during the 4th quarter. Oxford Wealth Group LLC now owns 19,458 shares of the e-commerce giant’s stock worth $4,269,000 after purchasing an additional 903 shares during the last quarter. MGO One Seven LLC raised its holdings in Amazon.com by 12.7% during the 4th quarter. MGO One Seven LLC now owns 184,436 shares of the e-commerce giant’s stock worth $40,463,000 after purchasing an additional 20,819 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in Amazon.com by 1.9% during the 4th quarter. Pinebridge Investments L.P. now owns 1,831,514 shares of the e-commerce giant’s stock worth $401,816,000 after purchasing an additional 34,949 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after purchasing an additional 4,087,933 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. raised its holdings in Amazon.com by 66.9% during the 4th quarter. Turim 21 Investimentos Ltda. now owns 113,831 shares of the e-commerce giant’s stock worth $27,055,000 after purchasing an additional 45,627 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,798 shares of company stock worth $17,696,733. Company insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial raised their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Evercore ISI reduced their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.09.

Amazon.com Trading Up 0.2%

NASDAQ AMZN opened at $205.59 on Friday. The stock has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 37.18, a PEG ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business’s fifty day moving average is $189.33 and its 200-day moving average is $208.50.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.