Amazon.com, Inc. (NASDAQ:AMZN) is the eighth-largest holding of Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.1% in the 1st quarter, according to its latest Form 13F filing with the Securities & Exchange Commission. The fund held 58,179 shares of the e-commerce giant after selling 9,547 shares during the period. Amazon.com makes up about 2.4% of Symphony Financial Ltd. Co.’s stake, making it the 8th-largest stock. Symphony Financial Ltd. Co.’s stake in Amazon.com was worth $10,494,000, according to its latest form filed with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their holdings in the company. Norges Bank acquired a new stake in Amazon.com shares in the fourth quarter worth approximately $17,700,551,000. Vanguard Group Inc. increased its stake in Amazon.com by 4.4% in the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after purchasing an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC increased its stake in Amazon.com by 16,029.3% in the fourth 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 purchasing an additional 23,717,254 shares in the last quarter. Global Assets Advisory LLC increased its position in Amazon.com by 30,350.2% in the first quarter. Global Assets Advisory LLC now owns 6,531,569 shares of the e-commerce giant’s stock worth $1,178,164,000 after purchasing an additional 6,510,119 shares during the period. Finally, Northern Trust Corp increased its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst ratings upgrades and downgrades

Several equities analysts have recently commented on the stock. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. Barclays raised their price target on shares of Amazon.com from $220.00 to $230.00 and issued an “overweight” rating in a research note on Wednesday, May 1. Roth Mkm reiterated a “buy” rating and issued a $210.00 price target (previously $205.00) on shares of Amazon.com in a research note on Wednesday, May 1. Finally, Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2. One research analyst rated the stock a “hold,” forty-three gave a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $215.86.

Read our latest AMZN analysis

Amazon.com shares up 1.2%

AMZN opened at $200.00 on Friday. The company has a market cap of $2.08 trillion, a P/E ratio of 56.02, a PEG ratio of 1.41 and a beta of 1.15. The company’s 50 day simple moving average is $185.99, and its 200 day simple moving average is $174.63. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.31. Equity research analysts predict that Amazon.com, Inc. will post earnings of $4.72 per share for the current fiscal year.

Insiders are betting

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold for an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at $23,688,228. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, April 18. The shares were sold for an average price of $181.38, for a total value of $90,690.00. Following the sale, the CEO now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Additionally, insider Jeffrey P. Bezos sold 1,463,437 shares of the company’s stock in a transaction dated Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction value of $292,804,474.96. Following the transaction, the insider now directly owns 935,211,842 shares of the company’s stock, valued at approximately $187,117,185,347.36. Disclosure of this sale can be found here . During the last quarter, insiders sold a total of 1,532,985 shares of the company’s stock, valued at $305,578,679. Insiders currently own 10.80% of the company’s shares.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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