Brophy Wealth Management LLC Makes New $3.84 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Brophy Wealth Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,587 shares of the e-commerce giant’s stock, valued at approximately $3,836,000. Amazon.com accounts for about 1.4% of Brophy Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC bought a new position in Amazon.com during the third quarter worth about $45,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $56,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.3 %

Shares of Amazon.com stock opened at $217.76 on Wednesday. Amazon.com, Inc. has a 1 year low of $149.91 and a 1 year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.29 trillion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The business has a 50-day moving average of $217.02 and a two-hundred day moving average of $195.74.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wedbush lifted their price objective on Amazon.com from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research assumed coverage on shares of Amazon.com in a report on Friday, October 11th. They set a “buy” rating and a $260.00 price objective for the company. Benchmark boosted their target price on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.65.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have 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 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.