Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Snider Financial Group

Snider Financial Group boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,761 shares of the e-commerce giant’s stock after buying an additional 1,042 shares during the period. Amazon.com accounts for approximately 2.2% of Snider Financial Group’s holdings, making the stock its 17th largest holding. Snider Financial Group’s holdings in Amazon.com were worth $4,826,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kavar Capital Partners Group LLC lifted its stake in shares of Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Amazon.com by 21.8% in the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp lifted its stake in shares of Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC lifted its stake in shares of Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the sale, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock valued at $5,505,874,846 over the last three months. Insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Barclays lifted their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Oppenheimer lifted their price objective on Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Wolfe Research lifted their price objective on Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $201.43.

Amazon.com Trading Down 1.5 %

Shares of AMZN stock opened at $186.13 on Monday. The stock has a 50-day simple moving average of $176.33 and a 200 day simple moving average of $155.38. Amazon.com, Inc. has a fifty-two week low of $98.71 and a fifty-two week high of $189.77. The stock has a market capitalization of $1.93 trillion, a P/E ratio of 64.18, a P/E/G ratio of 1.62 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

About Amazon.com

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.