Syntegra Private Wealth Group LLC Sells 62 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Syntegra Private Wealth Group LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,585 shares of the e-commerce giant’s stock after selling 62 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Amazon.com were worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of AMZN. Rebalance LLC acquired a new position in Amazon.com during the third quarter worth about $240,000. Sterling Financial Group Inc. grew its holdings in shares of Amazon.com by 2.4% during the 3rd quarter. Sterling Financial Group Inc. now owns 7,853 shares of the e-commerce giant’s stock valued at $1,463,000 after purchasing an additional 184 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Amazon.com by 6.1% during the third quarter. Greenleaf Trust now owns 505,311 shares of the e-commerce giant’s stock worth $94,155,000 after buying an additional 29,200 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Amazon.com by 7.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 798,483 shares of the e-commerce giant’s stock valued at $148,781,000 after acquiring an additional 53,846 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 11.2% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 12,219 shares of the e-commerce giant’s stock valued at $2,277,000 after acquiring an additional 1,229 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.2 %

NASDAQ AMZN opened at $201.45 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $193.33 and a 200 day simple moving average of $186.38. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The firm has a market capitalization of $2.12 trillion, a P/E ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMZN shares. Loop Capital upped their price objective on Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush raised their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,026,683 shares of company stock worth $1,252,148,795. Insiders own 10.80% of the company’s stock.

About Amazon.com

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.