Bright Financial Advisors Inc. Sells 1,585 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Bright Financial Advisors Inc. lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 24.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,962 shares of the e-commerce giant’s stock after selling 1,585 shares during the period. Amazon.com comprises about 0.7% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 23rd biggest holding. Bright Financial Advisors Inc.’s holdings in Amazon.com were worth $1,089,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Triasima Portfolio Management inc. grew its stake in shares of Amazon.com by 25.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 18,134 shares of the e-commerce giant’s stock valued at $3,978,000 after purchasing an additional 3,693 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Amazon.com in the fourth quarter worth about $15,380,000. Live Oak Private Wealth LLC raised its stake in Amazon.com by 2.4% during the fourth quarter. Live Oak Private Wealth LLC now owns 13,757 shares of the e-commerce giant’s stock valued at $3,018,000 after purchasing an additional 322 shares in the last quarter. FFG Partners LLC increased its stake in Amazon.com by 0.8% during the fourth quarter. FFG Partners LLC now owns 61,787 shares of the e-commerce giant’s stock worth $13,555,000 after acquiring an additional 512 shares during the last quarter. Finally, SMART Wealth LLC boosted its stake in Amazon.com by 86.9% during the fourth quarter. SMART Wealth LLC now owns 13,676 shares of the e-commerce giant’s stock worth $3,000,000 after buying an additional 6,359 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Piper Sandler reiterated an “overweight” rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Finally, TD Cowen increased their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Stock Performance

NASDAQ AMZN 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 business’s 50-day simple moving average is $226.04 and its 200-day simple moving average is $206.30. The firm has a market capitalization of $2.17 trillion, a P/E ratio of 37.07, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of Amazon.com 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 completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,649 shares of company stock worth $23,871,905 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

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.