Cyndeo Wealth Partners LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cyndeo Wealth Partners LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,095 shares of the e-commerce giant's stock after buying an additional 4,615 shares during the quarter. Amazon.com makes up about 2.5% of Cyndeo Wealth Partners LLC's holdings, making the stock its 3rd biggest position. Cyndeo Wealth Partners LLC's holdings in Amazon.com were worth $38,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Amazon.com in the fourth quarter worth $27,266,582,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors increased its position in Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. increased its position in Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after buying an additional 12,018,120 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares of the company's stock, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock valued at $757,297,707 over the last three months. Company insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $3.21 during trading on Thursday, reaching $223.13. The stock had a trading volume of 29,632,353 shares, compared to its average volume of 41,973,367. The stock has a market capitalization of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.66 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The business's 50-day moving average price is $205.03 and its 200 day moving average price is $208.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Barclays decreased their price target on Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $212.00 target price (down previously from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.60.

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.