Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by Synergy Financial Group LTD

Synergy Financial Group LTD cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,221 shares of the e-commerce giant’s stock after selling 1,072 shares during the quarter. Amazon.com comprises 7.5% of Synergy Financial Group LTD’s holdings, making the stock its largest position. Synergy Financial Group LTD’s holdings in Amazon.com were worth $9,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Compass Planning Associates Inc purchased a new stake in Amazon.com in the fourth quarter valued at approximately $51,000. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 45 shares during the period. Bull Oak Capital LLC purchased a new position in Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Amazon.com by 64.4% during the 4th quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock valued at $63,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company’s stock, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock worth $22,871,828 in the last 90 days. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. DA Davidson raised their target price on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Loop Capital upped their target price on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Down 2.2 %

Shares of NASDAQ:AMZN opened at $201.13 on Thursday. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market cap of $2.13 trillion, a P/E ratio of 36.37, a PEG ratio of 1.50 and a beta of 1.19. The business has a fifty day moving average of $217.91 and a two-hundred day moving average of $208.80. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.