SYM FINANCIAL Corp reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,848 shares of the e-commerce giant’s stock after selling 1,773 shares during the quarter. Amazon.com accounts for 0.8% of SYM FINANCIAL Corp’s portfolio, making the stock its 16th biggest holding. SYM FINANCIAL Corp’s holdings in Amazon.com were worth $6,250,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Western Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $514,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock valued at $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Finally, Bearing Point Capital LLC bought a new position in shares of Amazon.com during the fourth quarter valued at $12,014,000. 72.20% of the stock is owned by institutional investors.
Amazon.com Stock Down 0.8%
NASDAQ AMZN opened at $221.95 on Friday. The stock’s 50-day moving average price is $222.30 and its 200-day moving average price is $208.35. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 1.51 and a beta of 1.31.
Insider Activity
In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $232.32, for a total transaction of $1,111,418.88. Following the completion of the sale, the chief executive officer owned 510,255 shares in the company, valued at approximately $118,542,441.60. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492 in the last quarter. 9.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AMZN. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Westpark Capital reissued a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Oppenheimer lowered their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $262.87.
Get Our Latest Stock Report on AMZN
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.
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