Burford Brothers Inc. Has $4.95 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Burford Brothers Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,540 shares of the e-commerce giant’s stock after selling 66 shares during the period. Amazon.com accounts for about 2.4% of Burford Brothers Inc.’s portfolio, making the stock its 9th largest position. Burford Brothers Inc.’s holdings in Amazon.com were worth $4,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc boosted its position in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after acquiring an additional 25,581 shares during the period. Hoese & Co LLP bought a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com in the third quarter valued at about $45,000. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter worth about $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMZN shares. Wolfe Research raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Citigroup restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up previously from $225.00) on shares of Amazon.com in a report on Friday, February 7th. Jefferies Financial Group upped their target price on shares of Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada lifted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Price Performance

NASDAQ:AMZN opened at $212.80 on Wednesday. The stock has a market capitalization of $2.26 trillion, a PE ratio of 38.48, a P/E/G ratio of 1.50 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The firm has a fifty day simple moving average of $227.11 and a 200 day simple moving average of $205.20. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now owns 49,950 shares in the company, valued at approximately $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,149 shares of company stock worth $24,606,905. Company 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.