Financial Symmetry Inc Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Financial Symmetry Inc purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,384 shares of the e-commerce giant’s stock, valued at approximately $362,000. Amazon.com comprises about 0.4% of Financial Symmetry Inc’s investment portfolio, making the stock its 23rd biggest holding.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Amazon.com by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares during the last quarter. International Assets Investment Management LLC raised its position in Amazon.com by 16,029.3% in the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares during the last quarter. FMR LLC raised its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares during the last quarter. Jennison Associates LLC raised its position in Amazon.com by 28.4% in the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock worth $6,989,254,000 after buying an additional 12,176,114 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Amazon.com in the 3rd quarter worth about $610,138,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMZN shares. Wells Fargo & Company boosted their target price on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt boosted their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Royal Bank of Canada boosted their price target on Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, DA Davidson restated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $189.50 on Friday. Amazon.com, Inc. has a 12 month low of $108.05 and a 12 month high of $191.70. The company’s 50-day moving average price is $179.90 and its 200-day moving average price is $161.81. The stock has a market cap of $1.97 trillion, a PE ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $173.27, for a total transaction of $1,039,420,566.23. Following the transaction, the insider now owns 964,256,421 shares in the company, valued at $167,076,710,066.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $173.27, for a total value of $1,039,420,566.23. Following the completion of the transaction, the insider now owns 964,256,421 shares of the company’s stock, valued at $167,076,710,066.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares of the company’s stock, valued at approximately $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,187,979 shares of company stock worth $3,440,575,337. 10.80% of the stock is currently owned by company insiders.

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.