Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 181,291 shares of the e-commerce giant’s stock after buying an additional 26,466 shares during the period. Amazon.com comprises approximately 2.5% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 3rd largest position. Cyndeo Wealth Partners LLC’s holdings in Amazon.com were worth $27,545,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMZN. State Street Corp lifted its position in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after acquiring an additional 295,880,050 shares during the last quarter. FMR LLC increased its stake in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after acquiring an additional 270,931,640 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in Amazon.com by 120,235.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after acquiring an additional 116,383,502 shares during the last quarter. Finally, Norges Bank bought a new stake in Amazon.com during the fourth quarter worth approximately $8,263,591,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.9 %

Amazon.com stock opened at $179.83 on Thursday. The business has a fifty day moving average of $169.73 and a two-hundred day moving average of $151.07. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a market cap of $1.87 trillion, a P/E ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a twelve month low of $96.29 and a twelve month high of $181.41.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now directly owns 118,560 shares of the company’s stock, valued at $17,265,892.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,210,510 shares of company stock valued at $5,505,223,106. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Monness Crespi & Hardt boosted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Benchmark boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. UBS Group boosted their price objective on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, DA Davidson boosted their price objective on Amazon.com from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $197.95.

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.