Brady Family Wealth LLC Sells 194 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Brady Family Wealth LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,797 shares of the e-commerce giant’s stock after selling 194 shares during the quarter. Amazon.com comprises 2.3% of Brady Family Wealth LLC’s investment portfolio, making the stock its 10th biggest holding. Brady Family Wealth LLC’s holdings in Amazon.com were worth $7,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter worth $45,000. Values First Advisors Inc. purchased a new stake in Amazon.com during the third quarter worth $56,000. Abich Financial Wealth Management LLC grew its holdings in Amazon.com by 84.7% in the second quarter. Abich Financial Wealth Management LLC now owns 434 shares of the e-commerce giant’s stock valued at $84,000 after purchasing an additional 199 shares during the last quarter. Finally, Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 51.3% in the third quarter. Christopher J. Hasenberg Inc now owns 454 shares of the e-commerce giant’s stock valued at $83,000 after buying an additional 154 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 1.2 %

NASDAQ:AMZN opened at $238.15 on Wednesday. The firm has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 51.00, a PEG ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $241.77. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $220.95 and its 200 day moving average price is $197.72.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for 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%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Stifel Nicolaus increased their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Wedbush restated an “outperform” rating and issued a $280.00 price target (up previously from $260.00) on shares of Amazon.com in a report on Monday. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Maxim Group upped their price objective on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.46.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated 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 completion of the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last quarter. 10.80% of the stock is currently 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.