Amazon.com, Inc. $AMZN Position Decreased by Synergy Asset Management LLC

Synergy Asset Management LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,358 shares of the e-commerce giant’s stock after selling 9,588 shares during the period. Amazon.com comprises 3.6% of Synergy Asset Management LLC’s portfolio, making the stock its 6th largest holding. Synergy Asset Management LLC’s holdings in Amazon.com were worth $31,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $40,000. Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,864,716 shares of company stock valued at $2,486,013,854 in the last quarter. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Bank of America raised their price objective on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a research report on Wednesday, October 8th. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $213.04 on Friday. The firm has a 50 day simple moving average of $225.66 and a 200-day simple moving average of $212.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.27 trillion, a PE ratio of 32.48, a P/E/G ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

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