Amazon.com, Inc. (NASDAQ:AMZN) is Brown Miller Wealth Management LLC’s 9th Largest Position

Brown Miller Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,591 shares of the e-commerce giant’s stock after buying an additional 3,239 shares during the period. Amazon.com comprises 1.6% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Brown Miller Wealth Management LLC’s holdings in Amazon.com were worth $4,488,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. Vanguard Group Inc. grew its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after acquiring an additional 17,635,391 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the period. Finally, Norges Bank purchased a new position in shares of Amazon.com in the 4th quarter worth $27,266,582,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer owned 517,050 shares of the company’s stock, valued at approximately $105,984,909. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 224,926 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the sale, the insider owned 905,454,975 shares of the company’s stock, valued at $202,423,514,211. This trade represents a 0.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,424,463 shares of company stock worth $756,747,557 in the last 90 days. 9.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research report on Friday, June 27th. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a “sector outperform” rating for the company in a research note on Monday, April 21st. Evercore ISI lowered their price objective on Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their target price on Amazon.com from $248.00 to $245.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.60.

Amazon.com Trading Down 0.2%

NASDAQ AMZN opened at $219.92 on Thursday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month 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. The stock has a market cap of $2.33 trillion, a price-to-earnings ratio of 35.82, a PEG ratio of 1.66 and a beta of 1.33. The firm’s 50 day moving average price is $205.03 and its two-hundred day moving average price is $208.83.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analysts’ expectations of $154.96 billion. During the same period in the previous year, the company posted $0.98 EPS. Amazon.com’s revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.