SYM FINANCIAL Corp Trims Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• SYM FINANCIAL Corp reduced its holdings in Amazon.com by 5.1% during the first quarter, now owning 32,848 shares valued at approximately $6.25 million.
• Amazon's stock price was reported at $228.84, reflecting a 3.1% increase and a market capitalization of $2.44 trillion.
• A number of analysts have raised their price targets for Amazon, with the consensus target currently at $262.87 and a consensus rating of "Buy".

SYM FINANCIAL Corp trimmed its position 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 filing with the Securities and Exchange Commission. The institutional investor owned 32,848 shares of the e-commerce giant's stock after selling 1,773 shares during the period. Amazon.com comprises 0.8% of SYM FINANCIAL Corp's investment portfolio, making the stock its 16th largest position. SYM FINANCIAL Corp's holdings in Amazon.com were worth $6,250,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AMZN. Vanguard Group Inc. grew its position in shares of 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 buying an additional 17,635,391 shares during the last quarter. FMR LLC boosted its position in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after purchasing an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after purchasing an additional 5,015,380 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after purchasing an additional 4,087,933 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating on the stock. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. JMP Securities reissued a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Piper Sandler boosted their target price on Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wedbush boosted their target price on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $262.87.

Amazon.com Stock Up 3.1%

Shares of AMZN stock traded up $6.89 during mid-day trading on Friday, hitting $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The business has a 50-day moving average price of $222.30 and a 200 day moving average price of $208.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.49 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 4,784 shares of the company's stock in a transaction on 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 represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company's stock in a transaction on Thursday, July 24th. The shares were 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 approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. 9.70% of the stock is owned by company insiders.

Amazon.com Company 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.