Syntal Capital Partners LLC Decreases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Syntal Capital Partners LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,311 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Syntal Capital Partners LLC’s holdings in Amazon.com were worth $294,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fiduciary Planning LLC lifted its stake in Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its position in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. increased its position in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares during the last quarter. Alterna Wealth Management Inc. increased its position in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners increased its position in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares during the last quarter. Institutional investors own 57.96% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $174.45 on Monday. Amazon.com, Inc. has a 1-year low of $88.12 and a 1-year high of $175.00. The firm has a market capitalization of $1.81 trillion, a PE ratio of 60.16, a PEG ratio of 1.54 and a beta of 1.14. The business’s 50 day moving average is $154.41 and its 200-day moving average is $142.30. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 4.03 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 10,756 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Adam Selipsky sold 10,756 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total value of $1,555,317.60. Following the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at approximately $17,048,918.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 21,933 shares of Amazon.com stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $142.66, for a total value of $3,128,961.78. Following the completion of the transaction, the chief executive officer now owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. Insiders have sold a total of 6,080,878 shares of company stock valued at $1,033,083,657 in the last 90 days. 12.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Stifel Nicolaus upped their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Oppenheimer upped their target price on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Rosenblatt Securities upped their target price on Amazon.com from $184.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Truist Financial upped their target price on Amazon.com from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, TD Cowen increased their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $197.95.

Read Our Latest Stock Report on AMZN

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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

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