Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 493,130 shares of the e-commerce giant’s stock after selling 31,282 shares during the period. Amazon.com makes up about 3.5% of Braun Stacey Associates Inc.’s holdings, making the stock its 4th largest holding. Braun Stacey Associates Inc.’s holdings in Amazon.com were worth $91,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Tsfg LLC grew its stake in shares of Amazon.com by 6.5% in the second quarter. Tsfg LLC now owns 40,602 shares of the e-commerce giant’s stock worth $7,846,000 after acquiring an additional 2,471 shares in the last quarter. Sky Investment Group LLC grew its stake in Amazon.com by 3.8% during the 2nd quarter. Sky Investment Group LLC now owns 25,809 shares of the e-commerce giant’s stock worth $4,988,000 after purchasing an additional 940 shares in the last quarter. Key Client Fiduciary Advisors LLC grew its stake in Amazon.com by 1.0% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 27,844 shares of the e-commerce giant’s stock worth $5,381,000 after purchasing an additional 273 shares in the last quarter. PGGM Investments grew its stake in Amazon.com by 4.4% during the 2nd quarter. PGGM Investments now owns 349,715 shares of the e-commerce giant’s stock worth $67,582,000 after purchasing an additional 14,756 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Amazon.com by 5.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 548,166 shares of the e-commerce giant’s stock valued at $105,933,000 after purchasing an additional 28,953 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Moffett Nathanson raised their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus lifted their price target on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Rosenblatt Securities raised their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley upped their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.00.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.5 %

Shares of NASDAQ:AMZN opened at $223.75 on Friday. The firm has a market cap of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company’s fifty day simple moving average is $209.73 and its 200 day simple moving average is $192.85. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during 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%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com 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.