Brightworth Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brightworth raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,349 shares of the e-commerce giant’s stock after acquiring an additional 236 shares during the period. Amazon.com comprises approximately 1.8% of Brightworth’s portfolio, making the stock its 9th biggest holding. Brightworth’s holdings in Amazon.com were worth $17,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at approximately $14,053,756,000. Castleview Partners LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $1,143,000. Fairfield Bush & CO. grew its holdings in shares of Amazon.com by 28,715.3% in the fourth quarter. Fairfield Bush & CO. now owns 1,336,741 shares of the e-commerce giant’s stock worth $11,353,000 after purchasing an additional 1,332,102 shares during the last quarter. State Street Corp grew its holdings in shares of Amazon.com by 4.3% in the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock worth $56,755,855,000 after purchasing an additional 698,970 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $2,059,691,000. 72.51% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the transaction, the vice president now directly owns 5,989 shares in the company, valued at approximately $12,991,458.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the completion of the transaction, the chief executive officer now directly owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $375,275.06. Following the transaction, the vice president now owns 5,989 shares of the company’s stock, valued at $12,991,458.58. The disclosure for this sale can be found here. Insiders sold 4,803 shares of company stock valued at $10,528,337 in the last quarter. 12.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $135.39 on Tuesday. Amazon.com, Inc. has a 52 week low of $101.26 and a 52 week high of $188.11. The firm has a market capitalization of $1.38 trillion, a P/E ratio of 121.37, a PEG ratio of 5.15 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $114.69 and a 200-day moving average price of $134.71.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business had revenue of $121.23 billion for the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the company earned $0.76 EPS. Amazon.com’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Tigress Financial restated a “buy” rating and issued a $232.00 target price on shares of Amazon.com in a report on Wednesday, June 29th. Telsey Advisory Group raised their target price on shares of Amazon.com from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. Cowen raised their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $155.00 to $175.00 and gave the stock a “maintains” rating in a research note on Friday. Finally, The Goldman Sachs Group dropped their price target on Amazon.com from $185.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.45.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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