Synergy Asset Management LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Synergy Asset Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 153,946 shares of the e-commerce giant's stock after selling 2,958 shares during the quarter. Amazon.com makes up 3.7% of Synergy Asset Management LLC's holdings, making the stock its 6th biggest holding. Synergy Asset Management LLC's holdings in Amazon.com were worth $29,290,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Cable Hill Partners LLC increased its stake in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the last quarter. Northern Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management raised its holdings in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares during the period. Balanced Wealth Group LLC raised its holdings in shares of Amazon.com by 1.6% in the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock worth $705,000 after purchasing an additional 48 shares during the period. Finally, ETF Store Inc. raised its holdings in shares of Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock worth $522,000 after purchasing an additional 48 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Telsey Advisory Group reissued an "outperform" rating and set a $235.00 target price on shares of Amazon.com in a report on Thursday. Needham & Company LLC reissued a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Oppenheimer boosted their target price on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Finally, Mizuho lowered their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Stock Performance

NASDAQ AMZN opened at $225.02 on Friday. The company has a 50-day simple moving average of $209.90 and a two-hundred day simple moving average of $208.63. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results 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. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company's 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 completion of the sale, the senior vice president directly owned 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total transaction of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company's stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,886,613 shares of company stock valued at $1,531,840,610. Corporate insiders own 9.70% of the company's stock.

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.

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