Syntal Capital Partners LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)
Syntal Capital Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 604.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,515 shares of the e-commerce giant’s stock after buying an additional 1,300 shares during the quarter. Amazon.com comprises approximately 1.4% of Syntal Capital Partners LLC’s investment portfolio, making the stock its 11th biggest position. Syntal Capital Partners LLC’s holdings in Amazon.com were worth $2,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of AMZN. HC Financial Advisors Inc. lifted its stake in Amazon.com by 22.6% during the third quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock valued at $631,000 after buying an additional 58 shares in the last quarter. Capital Advantage Inc. lifted its position in Amazon.com by 13.6% in the third quarter. Capital Advantage Inc. now owns 761 shares of the e-commerce giant’s stock worth $1,524,000 after purchasing an additional 91 shares during the period. Signition LP lifted its position in Amazon.com by 2.9% in the third quarter. Signition LP now owns 2,920 shares of the e-commerce giant’s stock worth $5,849,000 after purchasing an additional 82 shares during the period. Birinyi Associates Inc. raised its stake in Amazon.com by 0.6% during the third quarter. Birinyi Associates Inc. now owns 16,917 shares of the e-commerce giant’s stock worth $33,885,000 after acquiring an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Amazon.com by 6.7% during the third quarter. Parallel Advisors LLC now owns 10,467 shares of the e-commerce giant’s stock worth $20,965,000 after acquiring an additional 660 shares in the last quarter. 55.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AMZN opened at $1,863.70 on Wednesday. Amazon.com, Inc. has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market cap of $888.18 billion, a P/E ratio of 92.54, a price-to-earnings-growth ratio of 2.06 and a beta of 1.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83.
In other news, SVP David Zapolsky sold 880 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,834.59, for a total value of $1,614,439.20. Following the completion of the sale, the senior vice president now owns 3,902 shares of the company’s stock, valued at approximately $7,158,570.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 379 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total transaction of $696,723.28. Following the completion of the sale, the vice president now directly owns 6,307 shares of the company’s stock, valued at approximately $11,594,284.24. The disclosure for this sale can be found here. In the last three months, insiders sold 12,932 shares of company stock valued at $24,196,737. Corporate insiders own 16.10% of the company’s stock.
AMZN has been the subject of a number of research reports. Cleveland Research started coverage on Amazon.com in a research note on Thursday, February 28th. They issued a “buy” rating for the company. BidaskClub upgraded Amazon.com from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Wells Fargo & Co set a $2,100.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Monday, March 18th. Evercore ISI began coverage on Amazon.com in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $1,965.00 target price on the stock. Finally, Oppenheimer boosted their price target on Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $2,196.39.
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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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