M&T Bank Corp Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

M&T Bank Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,498,517 shares of the e-commerce giant's stock after acquiring an additional 78,163 shares during the quarter. Amazon.com accounts for about 1.8% of M&T Bank Corp's holdings, making the stock its 11th biggest holding. M&T Bank Corp's holdings in Amazon.com were worth $548,150,000 at the end of the most recent quarter.

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

Amazon.com Price Performance

Shares of AMZN traded up $20.44 during mid-day trading on Wednesday, hitting $191.10. 116,421,045 shares of the company were exchanged, compared to its average volume of 41,420,713. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a 50 day moving average of $206.49 and a 200-day moving average of $208.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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%. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Stifel Nicolaus increased their target price on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Wedbush reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, February 7th. JMP Securities set a $285.00 price objective on Amazon.com in a report on Thursday, March 27th. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $259.04.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were 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 $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is owned by insiders.

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.