Amazon.com, Inc. $AMZN Stock Holdings Reduced by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,251,423 shares of the e-commerce giant’s stock after selling 96,708 shares during the period. Amazon.com accounts for approximately 3.0% of Brown Brothers Harriman & Co.’s portfolio, making the stock its 9th largest holding. Brown Brothers Harriman & Co.’s holdings in Amazon.com were worth $494,345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Amazon.com in the 2nd quarter valued at about $27,438,011,000. Nuveen LLC bought a new position in Amazon.com during the first quarter worth about $11,674,091,000. Vanguard Group Inc. boosted its position in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.9%

Shares of AMZN stock opened at $207.67 on Friday. The company has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.57 and a beta of 1.40. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The business’s fifty day moving average is $222.93 and its 200 day moving average is $226.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. Amazon.com’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

Insider Buying and Selling

In other news, SVP David Zapolsky sold 10,649 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total value of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $8,461,661.70. This represents a 20.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,686 shares of company stock valued at $14,688,739 in the last 90 days. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMZN shares. Wedbush dropped their price target on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. UBS Group set a $311.00 target price on shares of Amazon.com in a report on Tuesday, February 3rd. Raymond James Financial dropped their target price on Amazon.com from $260.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Monness Crespi & Hardt cut their price target on Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Arete Research boosted their price objective on Amazon.com from $283.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $286.93.

View Our Latest Report on AMZN

About Amazon.com

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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