8,150 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,150 shares of the e-commerce giant's stock, valued at approximately $1,788,000. Amazon.com makes up 1.4% of Coordinated Financial Services Inc.'s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors have also recently bought and sold shares of the stock. Cable Hill Partners LLC raised its position in shares of Amazon.com by 0.5% in 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 in the last quarter. Quattro Financial Advisors LLC increased its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management raised its position in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. MBM Wealth Consultants LLC lifted its stake 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 worth $1,889,000 after purchasing an additional 48 shares during the last quarter. Finally, Semus Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent analyst reports. Benchmark upped their price objective on Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Maxim Group lifted their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Bank of America dropped their price objective on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday. Wells Fargo & Company cut their target price on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 25th. Finally, Tigress Financial upped their price target on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.19.

Amazon.com Stock Up 2.0 %

NASDAQ AMZN traded up $3.65 during trading hours on Friday, reaching $184.87. 50,532,441 shares of the company's stock traded hands, compared to its average volume of 41,604,472. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $204.23 and a 200 day simple moving average of $208.54. The firm has a market cap of $1.96 trillion, a PE ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39.

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 (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $217.50, for a total value of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Company 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.