Symphony Financial Ltd. Co. Has $3.68 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Symphony Financial Ltd. Co. cut its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 74.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,349 shares of the e-commerce giant's stock after selling 55,284 shares during the quarter. Amazon.com comprises approximately 2.1% of Symphony Financial Ltd. Co.'s holdings, making the stock its 13th biggest position. Symphony Financial Ltd. Co.'s holdings in Amazon.com were worth $3,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC lifted its holdings in Amazon.com by 14.3% during the 4th 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 during the last quarter. Bearing Point Capital LLC acquired a new stake in Amazon.com during the 4th quarter valued at $12,014,000. Evergreen Capital Management LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the sale, the chief executive officer directly owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of Amazon.com stock in a transaction on Monday, July 14th. The stock was sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the transaction, the insider directly owned 895,279,901 shares of the company's stock, valued at $202,234,776,836.89. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,602,037 shares of company stock valued at $3,044,172,641 in the last three months. Insiders own 9.70% of the company's stock.

Amazon.com Trading Up 0.3%

Shares of Amazon.com stock traded up $0.69 during trading on Thursday, hitting $223.88. The company's stock had a trading volume of 31,761,876 shares, compared to its average volume of 42,067,672. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 1.69 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 stock has a 50-day moving average price of $212.21 and a two-hundred day moving average price of $208.60. 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business's revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a report on Thursday, July 10th. Cantor Fitzgerald raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday. Telsey Advisory Group restated an "outperform" rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, July 10th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $250.35.

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.