Amazon.com, Inc. (NASDAQ:AMZN) Holdings Lifted by Brown Advisory Inc.

Brown Advisory Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 3rd quarter, Holdings Channel reports. The firm owned 10,203,958 shares of the e-commerce giant’s stock after purchasing an additional 356,070 shares during the quarter. Amazon.com makes up approximately 2.2% of Brown Advisory Inc.’s holdings, making the stock its 5th largest holding. Brown Advisory Inc.’s holdings in Amazon.com were worth $1,153,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC increased its holdings in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC grew its stake in Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. grew its stake in Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares in the last quarter. Alterna Wealth Management Inc. grew its stake in Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after buying an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners grew its stake in Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN stock opened at $94.90 on Friday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company’s 50-day moving average is $94.93 and its 200 day moving average is $104.63. The company has a market capitalization of $972.46 billion, a price-to-earnings ratio of -354.09, a price-to-earnings-growth ratio of 3.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.39 earnings per share. Sell-side analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMZN. New Street Research began coverage on shares of Amazon.com in a research note on Wednesday, January 4th. They issued a “buy” rating and a $130.00 price target for the company. Rosenblatt Securities upped their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the company a “neutral” rating in a research note on Friday, February 3rd. Truist Financial cut their price objective on shares of Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. UBS Group upped their price objective on shares of Amazon.com from $118.00 to $127.00 in a research note on Friday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.87.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at approximately $13,837,377.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the completion of the transaction, the chief executive officer now directly owns 124,180 shares in the company, valued at approximately $13,837,377.40. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock valued at $6,994,626 in the last 90 days. 12.70% of the stock is currently owned by insiders.

About Amazon.com

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.