Bradyco Inc. Has $7.30 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bradyco Inc. cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,341 shares of the e-commerce giant’s stock after selling 1,400 shares during the quarter. Amazon.com makes up about 5.5% of Bradyco Inc.’s holdings, making the stock its 5th biggest position. Bradyco Inc.’s holdings in Amazon.com were worth $7,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new position in Amazon.com during the fourth quarter worth $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc bought a new stake in Amazon.com in the 4th quarter valued at $51,000. Finally, Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Piper Sandler restated an “overweight” rating and set a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research report on Friday, May 2nd. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Wall Street Zen cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $245.81.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the transaction, the director now owns 5,465 shares of the company’s stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the sale, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at approximately $96,664,732.58. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Up 2.8%

Shares of AMZN opened at $223.30 on Friday. The business’s fifty day moving average price is $202.26 and its two-hundred day moving average price is $209.01. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.37, a PEG ratio of 1.64 and a beta of 1.33. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.