Symphony Financial Ltd. Co. Grows Stock Position in Amazon.com, Inc. $AMZN

Symphony Financial Ltd. Co. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3,220.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 642,545 shares of the e-commerce giant’s stock after buying an additional 623,196 shares during the period. Amazon.com makes up about 0.7% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 21st largest position. Symphony Financial Ltd. Co.’s holdings in Amazon.com were worth $141,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in AMZN. Vanguard Group Inc. increased its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares in the last quarter. Kingstone Capital Partners Texas LLC boosted its position in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Northern Trust Corp boosted its position in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after purchasing an additional 302,858 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Amazon.com in the first quarter worth $11,674,091,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Roth Capital raised their price target on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, October 31st. China Renaissance boosted their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Benchmark increased their target price on Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Morgan Stanley reissued an “overweight” rating and set a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $295.93.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the transaction, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 82,234 shares of company stock valued at $19,076,767 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $229.53 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The business has a 50 day simple moving average of $228.58 and a two-hundred day simple moving average of $223.95. The stock has a market capitalization of $2.45 trillion, a PE ratio of 32.42, a P/E/G ratio of 1.58 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the company earned $1.43 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.