Brown Lisle Cummings Inc. Raises Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brown Lisle Cummings Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,020 shares of the e-commerce giant’s stock after acquiring an additional 2,185 shares during the quarter. Amazon.com comprises about 2.5% of Brown Lisle Cummings Inc.’s investment portfolio, making the stock its 6th biggest position. Brown Lisle Cummings Inc.’s holdings in Amazon.com were worth $7,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com during the fourth quarter worth approximately $30,000. Strid Group LLC bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $43,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Steph & Co. bought a new position in shares of Amazon.com during the first quarter valued at approximately $65,000. Finally, Advantage Trust Co bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $68,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $178.50 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock’s fifty day moving average price is $182.68 and its 200 day moving average price is $181.15. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The company has a market cap of $1.86 trillion, a price-to-earnings ratio of 50.00, a PEG ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total transaction of $685,965.00. Following the sale, the chief executive officer now directly owns 519,753 shares in the company, valued at $101,866,390.47. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AMZN shares. TD Cowen upped their target price on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays upped their target price on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $221.36.

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.