Bray Capital Advisors Has $13.52 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bray Capital Advisors decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,572 shares of the e-commerce giant’s stock after selling 1,011 shares during the period. Amazon.com accounts for about 3.3% of Bray Capital Advisors’ investment portfolio, making the stock its 5th biggest position. Bray Capital Advisors’ holdings in Amazon.com were worth $13,522,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter valued at $45,000. Values First Advisors Inc. purchased a new position in shares of Amazon.com during the 3rd quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Loop Capital raised their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reissued an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Mizuho boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $197.00 target price on shares of Amazon.com in a research note on Wednesday, November 20th. Finally, Wedbush increased their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $242.00.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $220.52 on Thursday. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The stock has a market cap of $2.32 trillion, a PE ratio of 47.22, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The business’s fifty day moving average price is $204.37 and its two-hundred day moving average price is $190.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last quarter. 10.80% of the stock is owned by insiders.

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.