Snider Financial Group Purchases 16,529 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Snider Financial Group lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 52.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,833 shares of the e-commerce giant’s stock after purchasing an additional 16,529 shares during the quarter. Amazon.com comprises about 3.3% of Snider Financial Group’s holdings, making the stock its 7th biggest holding. Snider Financial Group’s holdings in Amazon.com were worth $10,494,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMZN. Cable Hill Partners LLC lifted its position in shares of Amazon.com by 0.5% during the 4th quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock valued at $2,104,000 after buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC increased its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management raised its stake in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after acquiring an additional 47 shares during the period. MBM Wealth Consultants LLC lifted its holdings in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the last quarter. Finally, Semus Wealth Partners LLC boosted its position in Amazon.com by 0.3% during the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after purchasing an additional 49 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Oppenheimer increased their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price objective on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, JMP Securities set a $285.00 price objective on Amazon.com in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.53.

Amazon.com Stock Performance

Shares of AMZN opened at $171.00 on Friday. The business’s 50 day moving average price is $212.18 and its 200-day moving average price is $209.06. The stock has a market cap of $1.81 trillion, a P/E ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total value of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,798 shares of company stock worth $23,341,803. Company insiders own 10.80% of the company’s stock.

Amazon.com 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.