Amazon.com, Inc. (NASDAQ:AMZN) Stake Raised by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 194,522 shares of the e-commerce giant's stock after acquiring an additional 19,081 shares during the period. Amazon.com makes up 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 $36,245,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new stake in shares of Amazon.com during the 1st quarter worth about $2,239,757,000. Capital World Investors grew its stake in Amazon.com by 64.6% in the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after buying an additional 11,524,463 shares during the last quarter. Capital Research Global Investors lifted its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Amazon.com by 13,606.7% during the second quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant's stock worth $759,971,000 after acquiring an additional 3,903,889 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 1.7 %

Shares of NASDAQ:AMZN traded down $3.53 on Thursday, hitting $199.35. The company had a trading volume of 38,095,930 shares, compared to its average volume of 41,507,563. The firm's 50-day simple moving average is $192.56 and its two-hundred day simple moving average is $186.18. The firm has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 1.37 and a beta of 1.14. 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, Inc. has a 1 year low of $142.81 and a 1 year high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,502 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896 over the last ninety days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Sanford C. Bernstein increased their price target on Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Susquehanna boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $235.77.

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.