Syon Capital LLC Acquires 13,101 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Syon Capital LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,316 shares of the e-commerce giant’s stock after buying an additional 13,101 shares during the period. Amazon.com accounts for about 1.1% of Syon Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Syon Capital LLC’s holdings in Amazon.com were worth $12,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tenere Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $22,093,000. Coppell Advisory Solutions LLC grew its holdings in Amazon.com by 298.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 96,906 shares of the e-commerce giant’s stock valued at $21,506,000 after purchasing an additional 72,586 shares during the period. Beck Capital Management LLC grew its holdings in Amazon.com by 3.0% during the fourth quarter. Beck Capital Management LLC now owns 49,660 shares of the e-commerce giant’s stock valued at $10,895,000 after purchasing an additional 1,431 shares during the period. Oxford Wealth Group LLC grew its holdings in Amazon.com by 4.9% during the fourth quarter. Oxford Wealth Group LLC now owns 19,458 shares of the e-commerce giant’s stock valued at $4,269,000 after purchasing an additional 903 shares during the period. Finally, MGO One Seven LLC grew its holdings in Amazon.com by 12.7% during the fourth quarter. MGO One Seven LLC now owns 184,436 shares of the e-commerce giant’s stock valued at $40,463,000 after purchasing an additional 20,819 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at $1,151,366.20. The trade was a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,798 shares of company stock valued at $17,696,733 over the last ninety days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Oppenheimer decreased their price objective on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Wedbush restated an “outperform” rating and set a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a report on Friday, May 2nd. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, StockNews.com cut shares of Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Stock Performance

NASDAQ AMZN opened at $205.59 on Friday. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm’s fifty day moving average price is $189.33 and its two-hundred day moving average price is $208.61. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, research analysts anticipate 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.