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

Snider Financial Group trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,647 shares of the e-commerce giant’s stock after selling 186 shares during the period. Amazon.com accounts for about 2.9% of Snider Financial Group’s holdings, making the stock its 8th biggest holding. Snider Financial Group’s holdings in Amazon.com were worth $9,065,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. acquired a new position in shares of Amazon.com in the 4th quarter valued at $27,000. LSV Asset Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $35,000. Finally, Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 80 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Telsey Advisory Group restated an “outperform” rating and set a $235.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Cantor Fitzgerald upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Tigress Financial upped their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $244.89.

Amazon.com Trading Down 1.1%

NASDAQ:AMZN opened at $212.52 on Thursday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 34.61, a P/E/G ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $197.28 and its 200-day moving average is $209.32.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer now owns 2,148,694 shares in the company, valued at approximately $432,532,102.20. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% 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.