Syntegra Private Wealth Group LLC Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Syntegra Private Wealth Group LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. PayPay Securities Corp lifted its stake in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the third quarter worth about $37,000. Christopher J. Hasenberg Inc grew its position in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter valued at about $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $77,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on AMZN shares. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. DA Davidson restated a “buy” rating and set a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Susquehanna increased their target price on Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. JMP Securities lifted their price target on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $235.77.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,026,683 shares of company stock worth $1,252,148,795. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 2.2 %

AMZN opened at $201.45 on Tuesday. The stock has a market cap of $2.12 trillion, a PE ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. The business has a 50 day moving average of $193.33 and a 200-day moving average of $186.38. Amazon.com, Inc. has a 52 week low of $142.81 and a 52 week high of $215.90. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Amazon.com Company 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.