Socha Financial Group LLC Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Socha Financial Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,728 shares of the e-commerce giant’s stock after buying an additional 55 shares during the quarter. Amazon.com comprises approximately 0.2% of Socha Financial Group LLC’s portfolio, making the stock its 15th biggest holding. Socha Financial Group LLC’s holdings in Amazon.com were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Strategic Financial Concepts LLC increased its stake in shares of Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock valued at $1,119,463,000 after acquiring an additional 5,081,217 shares during the last quarter. Leo Wealth LLC grew its holdings in Amazon.com by 1.8% in the fourth quarter. Leo Wealth LLC now owns 140,529 shares of the e-commerce giant’s stock valued at $30,834,000 after purchasing an additional 2,455 shares during the period. 1900 Wealth Management LLC increased its position in Amazon.com by 4.3% during the fourth quarter. 1900 Wealth Management LLC now owns 22,935 shares of the e-commerce giant’s stock worth $5,032,000 after purchasing an additional 953 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in Amazon.com by 64.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 286 shares of the e-commerce giant’s stock worth $63,000 after purchasing an additional 112 shares during the period. Finally, Eagle Ridge Investment Management boosted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Eagle Ridge Investment Management now owns 4,874 shares of the e-commerce giant’s stock valued at $1,069,000 after purchasing an additional 107 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Rosenblatt Securities upped their price objective on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Finally, Maxim Group increased their target price on shares of Amazon.com from $260.00 to $280.00 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-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Stock Performance

AMZN stock opened at $205.02 on Tuesday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 37.07, a PEG ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s fifty day moving average is $226.04 and its two-hundred day moving average is $206.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 net margin of 9.29% and a return on equity of 24.25%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,649 shares of company stock valued at $23,871,905. Insiders own 10.80% of the company’s stock.

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.