Davis R M Inc. Increases Stake in Amazon.com, Inc.

In the third quarter, Davis R M Inc. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7%, as stated in their recent 13F filing with the SEC. Following this adjustment, the fund now holds 599,989 shares of the well-known e-commerce company after acquiring an additional 15,879 shares during the quarter. This investment in Amazon.com represents 2.2% of Davis R M Inc.'s overall investment portfolio, making it their 10th largest holding. At the end of the recent reporting cycle, these holdings were valued at approximately $111,796,000.

In addition to Davis R M Inc., various other hedge funds have made modifications to their interest in Amazon.com recently. Semus Wealth Partners LLC raised its position by 0.3% in the third quarter and now owns 17,920 shares worth $3,339,000 after an addition of 49 shares. Similarly, Meridian Investment Counsel Inc. increased its investment by 1.8% during the second quarter, acquiring 3,076 shares valued at $594,000 after adding 55 shares. O'Connor Financial Group LLC also enhanced its holdings by 2.2% in the third quarter, now owning 2,536 shares valued at $473,000.

Another firm, Cherrydale Wealth Management LLC, grew its stake by 0.7% during the same period, possessing 7,492 shares valued at $1,396,000 after purchasing 55 additional shares. Likewise, Cedar Point Capital Partners LLC amplified its holdings by 4.4% during the third quarter, bringing its total to 1,324 shares worth $247,000 after a purchase of 56 shares. Collectively, institutional investors and hedge funds own approximately 72.20% of Amazon's stock.

Recent Trading Performance

On Friday, NASDAQ:AMZN was trading at $224.19, reflecting an increase of 1.8%. The company's market capitalization stands at $2.36 trillion, with a P/E ratio of 48.01 and a P/E/G ratio of 1.54. Amazon has shown resilience in the market, with its 50-day moving average at $213.07 and its 200-day moving average at $194.05. Financially, the company has a quick ratio of 0.87, a current ratio of 1.09, and a debt-to-equity ratio of 0.21. The stock has fluctuated within a 52-week range, hitting a low of $144.05 and a high of $233.00.

Amazon.com recently reported its quarterly earnings data on October 31st, noting earnings per share (EPS) of $1.43, surpassing the consensus estimate of $1.14 by $0.29. The company recorded a return on equity of 22.41% and maintained a net margin of 8.04%, with revenues amounting to $158.88 billion, exceeding analyst expectations of $157.28 billion. Year-over-year revenue growth reached 11.0%, and analysts anticipate that Amazon.com, Inc. will report an EPS of 5.29 for the current year.

Analyst Insights and Price Targets

Several analysts have recently reviewed Amazon.com, adjusting their price targets. Tigress Financial increased their price target from $245.00 to $290.00, rating the stock as a “buy” on December 20th. Moffett Nathanson follows suit, boosting the target from $235.00 to $248.00 in their report. DA Davidson reaffirmed a “buy” rating with a price objective of $235.00. Bank of America raised its price target from $210.00 to $230.00, while Jefferies Financial Group increased their target from $235.00 to $275.00, also marking the stock as a “buy.” Currently, among the analysts, the consensus rating for Amazon.com is a “Moderate Buy,” with an average price target of $243.44, reflecting strong confidence in the stock from 41 analysts who rated it a buy.

Insider Activity

In recent insider transactions, Director Jonathan Rubinstein sold 4,351 shares on December 9th at an average price of $229.85, totaling over $1 million. Post-transaction, he holds 88,203 shares valued at around $20.27 million, marking a decrease of 4.70% in ownership. Additionally, CEO Matthew S. Garman sold 15,260 shares on November 21st at an average price of $200.19, accumulating a total of approximately $3.05 million. After this sale, he retains 349,261 shares worth about $69.92 million, also reflecting a decline in ownership of 4.19%. Over the last few months, insiders have sold a total of 6,032,344 shares for an impressive value of $1.25 billion, which represents 10.80% ownership of the total stock belonging to insiders.

Overview of Amazon.com

Amazon.com, Inc. is heavily engaged in the retail sale of consumer goods, advertising, and subscription services through both online and physical platforms worldwide. It operates across three key segments: North America, International, and Amazon Web Services (AWS), while also producing a variety of electronic devices such as Kindle e-readers, Fire tablets, and Echo devices, in addition to creating media content.

investment, growth, holdings