Braun Stacey Associates Inc. Has $101.34 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Braun Stacey Associates Inc. boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,412 shares of the e-commerce giant’s stock after acquiring an additional 11,570 shares during the period. Amazon.com comprises about 3.4% of Braun Stacey Associates Inc.’s portfolio, making the stock its 5th largest position. Braun Stacey Associates Inc.’s holdings in Amazon.com were worth $101,342,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in Amazon.com by 291.8% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 28,995 shares of the e-commerce giant’s stock worth $4,406,000 after purchasing an additional 21,595 shares in the last quarter. AJOVista LLC purchased a new position in Amazon.com in the fourth quarter worth $1,054,000. Charles Carroll Financial Partners LLC increased its position in shares of Amazon.com by 5.7% during the fourth quarter. Charles Carroll Financial Partners LLC now owns 11,990 shares of the e-commerce giant’s stock worth $1,822,000 after purchasing an additional 650 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in shares of Amazon.com by 2.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,562 shares of the e-commerce giant’s stock valued at $389,000 after purchasing an additional 62 shares during the last quarter. Finally, Avalon Trust Co lifted its holdings in shares of Amazon.com by 0.7% during the 4th quarter. Avalon Trust Co now owns 368,548 shares of the e-commerce giant’s stock valued at $55,997,000 after purchasing an additional 2,528 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Maxim Group upped their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $215.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Jefferies Financial Group decreased their price target on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, TD Securities upped their target price on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $222.84.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the sale, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $193.88 on Tuesday. The firm has a 50 day simple moving average of $178.57 and a 200-day simple moving average of $182.22. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, analysts expect that Amazon.com, Inc. will post 4.86 EPS 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.