Cynosure Group LLC Has $4.15 Million Stock Position in Amazon.com, Inc. $AMZN

Cynosure Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 76.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,903 shares of the e-commerce giant’s stock after buying an additional 8,220 shares during the quarter. Amazon.com accounts for 0.5% of Cynosure Group LLC’s portfolio, making the stock its 29th largest position. Cynosure Group LLC’s holdings in Amazon.com were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its stake in Amazon.com by 5.3% during the 3rd quarter. GoalVest Advisory LLC now owns 15,619 shares of the e-commerce giant’s stock valued at $3,429,000 after purchasing an additional 791 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in shares of Amazon.com by 21.1% during the third quarter. Centennial Wealth Advisory LLC now owns 9,981 shares of the e-commerce giant’s stock worth $2,192,000 after purchasing an additional 1,736 shares during the period. Letson Investment Management Inc. purchased a new position in Amazon.com during the third quarter valued at approximately $220,000. Railway Pension Investments Ltd increased its stake in shares of Amazon.com by 89.6% in the third quarter. Railway Pension Investments Ltd now owns 895,400 shares of the e-commerce giant’s stock worth $196,603,000 after acquiring an additional 423,100 shares during the last quarter. Finally, Semus Wealth Partners LLC raised its holdings in shares of Amazon.com by 1.1% during the third quarter. Semus Wealth Partners LLC now owns 20,509 shares of the e-commerce giant’s stock worth $4,503,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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Amazon.com Trading Up 0.4%

Amazon.com stock opened at $239.12 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The firm has a market capitalization of $2.56 trillion, a PE ratio of 33.77, a PEG ratio of 1.50 and a beta of 1.37. The business’s 50-day simple moving average is $232.46 and its 200-day simple moving average is $228.61.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AMZN. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company reissued an “overweight” rating and issued a $301.00 target price (up from $295.00) on shares of Amazon.com in a research report on Monday, January 12th. China Renaissance raised their price target on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Maxim Group upped their price objective on shares of Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $295.96.

Check Out Our Latest Stock Report on AMZN

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,734 shares of company stock valued at $18,534,017 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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