Davies Financial Advisors Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Davies Financial Advisors Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,191 shares of the e-commerce giant’s stock after selling 1,053 shares during the period. Amazon.com makes up 1.5% of Davies Financial Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Davies Financial Advisors Inc.’s holdings in Amazon.com were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Fiera Capital Corp increased its holdings in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares in the last quarter. Triasima Portfolio Management inc. grew its position in Amazon.com by 28.6% during the second quarter. Triasima Portfolio Management inc. now owns 20,290 shares of the e-commerce giant’s stock worth $3,921,000 after buying an additional 4,514 shares during the period. Wilkinson Global Asset Management LLC increased its holdings in Amazon.com by 1.4% in the second quarter. Wilkinson Global Asset Management LLC now owns 262,983 shares of the e-commerce giant’s stock valued at $50,821,000 after buying an additional 3,660 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Amazon.com by 1.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 30,616 shares of the e-commerce giant’s stock valued at $5,917,000 after acquiring an additional 579 shares during the period. Finally, Waddell & Associates LLC boosted its stake in shares of Amazon.com by 16.3% during the 2nd quarter. Waddell & Associates LLC now owns 4,587 shares of the e-commerce giant’s stock worth $886,000 after acquiring an additional 644 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,022,574 shares of company stock worth $1,251,456,628. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research reports. Susquehanna increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, January 31st. Benchmark increased their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price target on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $252.56.

Amazon.com Stock Performance

AMZN stock opened at $236.17 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock’s 50 day simple moving average is $225.24 and its 200 day simple moving average is $199.78. The firm has a market cap of $2.48 trillion, a P/E ratio of 50.57, a P/E/G ratio of 1.35 and a beta of 1.15.

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.