Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Reduced by Brio Consultants LLC

Brio Consultants LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.6% in the first quarter, according to the company’s latest 13F filing with the Securities & Exchange Commission. The fund held 5,821 shares of the e-commerce giant after selling 92 shares during the period. Brio Consultants LLC’s stake in Amazon.com was worth $1,050,000, according to the company’s latest SEC filing.

Several other major investors also recently bought and sold shares of the company. Mendel Money Management increased its holdings in Amazon.com shares by 3.5% in the 3rd quarter. Mendel Money Management now owns 43,781 shares of the e-commerce giant’s stock worth $5,565,000 after purchasing an additional 1,474 shares in the last quarter. Milestone Asset Management LLC increased its holdings in Amazon.com shares by 19.1% in the 3rd quarter. Milestone Asset Management LLC now owns 1,937 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 311 shares in the last quarter. Winslow Capital Management LLC increased its holdings in Amazon.com shares by 11.2% in the 3rd quarter. Winslow Capital Management LLC now owns 10,083,373 shares of the e-commerce giant’s stock worth $1,281,798,000 after purchasing an additional 1,016,651 shares during the last quarter. Westover Capital Advisors LLC increased its holdings in shares of Amazon.com by 0.7% in the third quarter. Westover Capital Advisors LLC now owns 53,619 shares of the e-commerce giant’s stock worth $6,816,000 after purchasing an additional 373 shares in the last quarter. Finally, W Advisors LLC increased its holdings in shares of Amazon.com by 11.5% in the third quarter. W Advisors LLC now owns 6,819 shares of the e-commerce giant’s stock worth $867,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Internal Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. In related news, insider Jeffrey P. Bezos sold 1,463,437 shares of Amazon.com stock in a transaction on Tuesday, July 2. The shares were sold at an average price of $200.08, for a total transaction amount of $292,804,474.96. Following the completion of the sale, the insider now owns 935,211,842 shares of the company’s stock, valued at $187,117,185,347.36. The transaction was disclosed in legal documents filed with the SEC, which are available on the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, July 1. The shares were sold at an average price of $195.99, for a total of $685,965.00. Following the completion of the sale, the CEO now directly owns 519,753 shares of the company’s stock, valued at approximately $101,866,390.47. Disclosure regarding this sale can be found here. Over the last 90 days, insiders have sold 1,532,985 shares of the company’s stock, valued at $305,578,679. Insiders own 10.80% of the company’s stock.

Wall Street analysts predict growth

AMZN has been the subject of several recent research reports. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Monness Crespi & Hardt raised their price target on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. JPMorgan Chase & Co. raised their price target on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Tigress Financial raised their price target on Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, May 30. Finally, Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a research note on Friday, June 21. One equities research analyst rated the stock a “hold,” forty-three have rated it a “buy,” and one has rated it a “strong buy.” The stock has a consensus rating of “buy” and an average price target of $215.86, according to data from MarketBeat.

Read our latest research report on AMZN

Amazon.com Stock Performance

Amazon.com stock opened at $199.29 on Tuesday. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 55.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The company has a 50-day simple moving average of $186.35 and a 200-day simple moving average of $175.26. The company has a current ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter increased 12.5% ​​year-over-year. During the same quarter last year, the company earned $0.31 earnings per share. Sell-side analysts, on average, predict that Amazon.com, Inc. will report EPS of 4.72 for the current fiscal year.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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