Brown Brothers Harriman & Co. Reduces Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brown Brothers Harriman & Co. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,009,450 shares of the e-commerce giant’s stock after selling 23,003 shares during the period. Amazon.com accounts for 2.9% of Brown Brothers Harriman & Co.’s holdings, making the stock its 10th biggest position. Brown Brothers Harriman & Co.’s holdings in Amazon.com were worth $388,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Muirfield Wealth Advisors LLC acquired a new position in Amazon.com in the 4th quarter valued at $514,000. Yeomans Consulting Group Inc. acquired a new stake in Amazon.com in the fourth quarter valued at about $489,000. Leo Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at about $21,292,000. Ables Iannone Moore & Associates Inc. bought a new position in Amazon.com in the fourth quarter valued at about $12,388,000. Finally, Walden Wealth Partners LLC bought a new position in Amazon.com in the fourth quarter valued at about $425,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares of the company’s stock, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,355 shares of company stock worth $9,877,423 over the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $187.69 on Wednesday. The company has a fifty day simple moving average of $180.63 and a 200 day simple moving average of $183.30. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.57, a PEG ratio of 1.38 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Equities research analysts expect that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. UBS Group lifted their target price on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price on shares of Amazon.com in a report on Thursday, September 12th. Bank of America lowered their target price on Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Barclays raised their price objective on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $224.00.

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.