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

Brown Brothers Harriman & Co. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,011,843 shares of the e-commerce giant’s stock after buying an additional 2,393 shares during the quarter. Amazon.com accounts for about 2.5% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 15th largest position. Brown Brothers Harriman & Co.’s holdings in Amazon.com were worth $374,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Icon Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP bought a new stake in Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $45,000. Finally, Values First Advisors Inc. bought a new stake in Amazon.com during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares of the company’s stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Oppenheimer raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wolfe Research raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.44.

Amazon.com Stock Up 1.8 %

NASDAQ AMZN opened at $224.19 on Monday. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 52 week low of $144.05 and a 52 week high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $213.07 and a two-hundred day moving average of $194.21.

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