Syverson Strege & Co Has $546,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Syverson Strege & Co lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 46.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,489 shares of the e-commerce giant’s stock after purchasing an additional 786 shares during the period. Syverson Strege & Co’s holdings in Amazon.com were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMZN. WorthPointe LLC raised its stake in shares of Amazon.com by 4.2% during the 4th quarter. WorthPointe LLC now owns 3,794 shares of the e-commerce giant’s stock worth $832,000 after purchasing an additional 154 shares in the last quarter. Heritage Wealth Management Inc. CA increased its holdings in Amazon.com by 14.1% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 5,009 shares of the e-commerce giant’s stock worth $1,099,000 after buying an additional 619 shares during the last quarter. Zions Bancorporation N.A. raised its position in Amazon.com by 14.2% during the fourth quarter. Zions Bancorporation N.A. now owns 148,014 shares of the e-commerce giant’s stock worth $32,473,000 after acquiring an additional 18,366 shares in the last quarter. FineMark National Bank & Trust lifted its stake in Amazon.com by 1.2% in the fourth quarter. FineMark National Bank & Trust now owns 219,203 shares of the e-commerce giant’s stock valued at $48,091,000 after acquiring an additional 2,558 shares during the last quarter. Finally, Ashton Thomas Securities LLC grew its position in shares of Amazon.com by 13.0% in the 4th quarter. Ashton Thomas Securities LLC now owns 38,371 shares of the e-commerce giant’s stock valued at $8,414,000 after acquiring an additional 4,401 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Scotiabank cut their price objective on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Raymond James reissued an “outperform” rating and set a $195.00 target price (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, February 7th. Finally, Morgan Stanley decreased their price objective on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $188.99 on Friday. The company’s 50 day moving average price is $193.52 and its two-hundred day moving average price is $207.75. The firm has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.