Synergy Asset Management LLC Acquires 113,400 Shares of Amazon.com, Inc. $AMZN

Synergy Asset Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,758 shares of the e-commerce giant’s stock after buying an additional 113,400 shares during the period. Amazon.com accounts for approximately 2.0% of Synergy Asset Management LLC’s holdings, making the stock its 12th biggest holding. Synergy Asset Management LLC’s holdings in Amazon.com were worth $56,596,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at about $27,000. Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $48,000. Cooksen Wealth LLC boosted its stake in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares during the last quarter. Finally, PayPay Securities Corp grew its holdings in Amazon.com by 62.3% during the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Susquehanna set a $300.00 price objective on Amazon.com and gave the stock a “positive” rating in a research note on Friday, October 31st. TD Cowen lifted their price objective on Amazon.com from $300.00 to $315.00 and gave the company a “buy” rating in a report on Tuesday. Telsey Advisory Group increased their target price on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Oppenheimer restated an “outperform” rating and set a $305.00 target price (up from $290.00) on shares of Amazon.com in a report on Monday, December 1st. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $295.96.

Amazon.com Trading Up 0.6%

NASDAQ AMZN opened at $238.18 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $232.57 and a 200-day moving average of $228.42. The company has a market cap of $2.55 trillion, a PE ratio of 33.64, a PEG ratio of 1.49 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the company posted $1.43 earnings per share. Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Goldman Sachs raised its price target to $300 and kept a “buy” rating, reinforcing upside expectations for AMZN and supporting demand. Read More.
• Positive Sentiment: AWS launched the AWS European Sovereign Cloud (multi‑billion euro push) and announced expansion across EU markets — a strategic win for gov’t/compliance-driven customers that could accelerate higher‑margin cloud revenue. Read More.
• Positive Sentiment: Amazon secured copper supply from Rio Tinto for AI data‑center buildout, addressing a material infrastructure bottleneck for expansion of AI workloads and related capex. That supply deal reduces execution risk for AWS growth. Read More.
• Neutral Sentiment: Amazon joined other big tech firms in a Wikimedia Enterprise agreement to access Wikipedia for AI training — supportive for LLM development but not an immediate revenue driver. Read More.
• Neutral Sentiment: Reports that Amazon is seeking supplier discounts to offset tariff changes show active cost management; this can help margins but may strain vendor relationships. Read More.
• Negative Sentiment: Amazon is in a legal fight over its $475M investment in Saks Global after Saks filed Chapter 11; Amazon says the stake is now worthless and has objected to Saks’ financing plan — a clear near‑term hit to asset value and potential litigation exposure. Read More.
• Negative Sentiment: A U.S. judge rejected Amazon’s first attempt to block Saks’ bankruptcy funding, signaling more court battles ahead and downside risk to recovery value. Read More.
• Negative Sentiment: Amazon plans to continue appealing an Italian antitrust fine even after a reduction, keeping regulatory/legal uncertainty in Europe. Read More.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,734 shares of company stock valued at $18,534,017 in the last quarter. Company insiders own 9.70% of the company’s stock.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.