Brainard Capital Management LLC Makes New $5.19 Million Investment in Amazon.com, Inc. (NASDAQ:AMZN)

Brainard Capital Management LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 61,835 shares of the e-commerce giant’s stock, valued at approximately $5,194,000. Amazon.com accounts for 4.4% of Brainard Capital Management LLC’s holdings, making the stock its 3rd largest holding.

Several other large investors have also modified their holdings of AMZN. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. Retirement Financial Solutions LLC bought a new position in Amazon.com in the fourth quarter worth approximately $32,000. Laurel Wealth Planning LLC raised its stake in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after buying an additional 304 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Amazon.com during the first quarter worth $38,000. Finally, Cowa LLC acquired a new position in shares of Amazon.com during the third quarter worth $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Piper Sandler upped their target price on Amazon.com from $123.00 to $130.00 in a research report on Friday, April 28th. Wells Fargo & Company cut their target price on Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. Bank of America upped their target price on Amazon.com from $135.00 to $139.00 in a research report on Friday, April 28th. Benchmark upped their price target on shares of Amazon.com from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Amazon.com in a research report on Wednesday, April 12th. Three equities research analysts have rated the stock with a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $143.12.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 2,299 shares of the business’s stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $100.34, for a total transaction of $230,681.66. Following the sale, the chief executive officer now owns 138,320 shares of the company’s stock, valued at approximately $13,879,028.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 2,299 shares of Amazon.com stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $100.34, for a total value of $230,681.66. Following the transaction, the chief executive officer now owns 138,320 shares in the company, valued at approximately $13,879,028.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,599 shares of company stock worth $2,781,085. 12.30% of the stock is owned by corporate insiders.

Amazon.com Price Performance

AMZN stock opened at $115.01 on Tuesday. The business has a 50 day simple moving average of $104.08 and a 200-day simple moving average of $97.25. The company has a market capitalization of $1.18 trillion, a P/E ratio of 273.83, a PEG ratio of 4.04 and a beta of 1.26. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The firm had revenue of $127.36 billion for the quarter, compared to analysts’ expectations of $124.57 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.57 EPS for the current year.

Amazon.com Company Profile

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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.