Davis Rea LTD. Trims Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Davis Rea LTD. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 129,991 shares of the e-commerce giant’s stock after selling 4,015 shares during the period. Amazon.com accounts for approximately 10.1% of Davis Rea LTD.’s holdings, making the stock its biggest position. Davis Rea LTD.’s holdings in Amazon.com were worth $19,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after acquiring an additional 32,038,029 shares during the period. FMR LLC increased its holdings in shares of Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after acquiring an additional 21,649,871 shares during the period. Northern Trust Corp lifted its position in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares during the last quarter. Jennison Associates LLC boosted its stake in Amazon.com by 28.4% during the 3rd quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after purchasing an additional 12,176,114 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock worth $6,406,216,000 after purchasing an additional 1,374,052 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $177.23 on Tuesday. The company has a market cap of $1.84 trillion, a P/E ratio of 61.11, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a fifty day simple moving average of $177.38 and a 200 day simple moving average of $157.63. Amazon.com, Inc. has a 1 year low of $101.15 and a 1 year high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now directly owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Mizuho boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. Piper Sandler raised their price target on Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Oppenheimer raised their price objective on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, UBS Group upped their target price on Amazon.com from $180.00 to $198.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $202.80.

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.