Sykon Capital LLC Sells 289 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sykon Capital LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,460 shares of the e-commerce giant’s stock after selling 289 shares during the period. Amazon.com accounts for about 1.3% of Sykon Capital LLC’s holdings, making the stock its 28th largest holding. Sykon Capital LLC’s holdings in Amazon.com were worth $3,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Financial Group grew its holdings in shares of Amazon.com by 7.5% during the 4th quarter. Beacon Financial Group now owns 21,861 shares of the e-commerce giant’s stock worth $3,322,000 after acquiring an additional 1,521 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Amazon.com by 4.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 104,435 shares of the e-commerce giant’s stock worth $16,383,000 after acquiring an additional 4,189 shares during the period. TKG Advisors LLC grew its holdings in shares of Amazon.com by 86.2% during the 4th quarter. TKG Advisors LLC now owns 7,113 shares of the e-commerce giant’s stock worth $1,081,000 after acquiring an additional 3,293 shares during the period. Cim LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $15,817,000. Finally, Integrated Advisors Network LLC grew its holdings in shares of Amazon.com by 2.1% during the 4th quarter. Integrated Advisors Network LLC now owns 147,109 shares of the e-commerce giant’s stock worth $22,352,000 after acquiring an additional 3,031 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Truist Financial upped their target price on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. Piper Sandler cut their price target on Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Amazon.com in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $224.00.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $188.82 on Monday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock’s fifty day moving average is $179.58 and its 200 day moving average is $183.19. The stock has a market cap of $1.98 trillion, a P/E ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

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.