Amazon.com, Inc. $AMZN is Brown Miller Wealth Management LLC’s 8th Largest Position

Brown Miller Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 23,730 shares of the e-commerce giant’s stock after buying an additional 139 shares during the period. Amazon.com comprises about 1.6% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Brown Miller Wealth Management LLC’s holdings in Amazon.com were worth $5,206,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc increased its stake in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after buying an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC increased its stake in Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after buying an additional 48 shares in the last quarter. Cobblestone Asset Management LLC increased its stake in Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after buying an additional 50 shares in the last quarter. Finally, Seek First Inc. increased its stake in Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Piper Sandler boosted their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. UBS Group reiterated a “buy” rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus boosted their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $267.27.

Amazon.com Trading Up 2.6%

AMZN opened at $222.03 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business’s 50 day moving average price is $225.57 and its 200 day moving average price is $213.26. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market capitalization of $2.37 trillion, a PE ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,741,053 shares of company stock valued at $630,824,413 over the last ninety days. 10.80% of the stock is owned by insiders.

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.