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 - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,833 shares of the e-commerce giant's stock after buying an additional 16,529 shares during the period. Amazon.com comprises approximately 3.3% of Snider Financial Group's portfolio, making the stock its 7th biggest position. Snider Financial Group's holdings in Amazon.com were worth $10,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Accordant Advisory Group Inc grew its position in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings 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 worth $51,000 after acquiring an additional 45 shares in the last quarter. Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter valued at $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com in the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

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Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. JMP Securities set a $285.00 price target on Amazon.com in a research note on Thursday, March 27th. Tigress Financial increased their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Telsey Advisory Group reissued an "outperform" rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, April 3rd. Finally, Barclays increased their price objective on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $259.04.

Insider Activity

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business's 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 completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % 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 link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the sale, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $20.44 during mid-day trading on Wednesday, reaching $191.10. 116,421,045 shares of the stock were exchanged, compared to its average volume of 41,420,713. The company 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. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $206.49 and a 200 day simple moving average of $208.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.