Brown Financial Advisors Boosts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brown Financial Advisors lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,109 shares of the e-commerce giant’s stock after buying an additional 2,187 shares during the period. Amazon.com makes up approximately 2.4% of Brown Financial Advisors’ portfolio, making the stock its 7th biggest holding. Brown Financial Advisors’ holdings in Amazon.com were worth $5,947,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AMZN. Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management boosted its stake in shares of Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of Amazon.com by 0.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares during the last quarter. Finally, GGM Financials LLC raised its position in Amazon.com by 2.1% in the 4th quarter. GGM Financials LLC now owns 2,463 shares of the e-commerce giant’s stock worth $540,000 after purchasing an additional 50 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of recent research reports. Tigress Financial raised their price objective on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Sanford C. Bernstein raised their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Morgan Stanley lifted their price target on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Phillip Securities lowered Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 10th. Finally, Barclays lifted their target price on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Two research 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 stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Price Performance

AMZN opened at $201.13 on Thursday. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The stock has a 50-day moving average price of $217.91 and a 200-day moving average price of $208.80. The firm has a market cap of $2.13 trillion, a PE ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. The trade was a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,298 shares of company stock valued at $22,871,828. 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.