Brown Miller Wealth Management LLC has a $3.42 million stake in Amazon.com, Inc. (NASDAQ:AMZN)

Brown Miller Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the first quarter, according to a recent SEC filing. The firm owned 18,968 shares of the e-commerce giant after purchasing an additional 221 shares during the quarter. Amazon.com makes up about 1.5% of Brown Miller Wealth Management LLC’s investment portfolio, making it the 12th-largest stock. Brown Miller Wealth Management LLC’s stake in Amazon.com was worth $3,421,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds also added to or reduced their holdings in the company. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $43,000. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter worth about $46,000. Finally, Steph & Co. bought a new position in shares of Amazon.com in the first quarter worth about $65,000. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Changes in analyst ratings

Several equities analysts have issued reports on the company. Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, June 26. Morgan Stanley raised their price target on Amazon.com from $215.00 to $220.00 and gave the stock a “overweight” rating in a report on Wednesday, May 1. Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1. Argus raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 2. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1. One equities research analyst rated the stock a “hold,” forty-three have given a “buy” rating, and one has given a “strong buy” rating to the stock. The stock currently has a consensus rating of “buy” and an average price target of $215.86, according to data from MarketBeat.

See our latest analysis on Amazon.com

Amazon.com revenue growth of 1.2%

AMZN stock opened at $200.00 on Friday. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.55. The company has a 50-day moving average of $185.99 and a 200-day moving average of $174.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.87 and a current ratio of 1.07. The company has a market capitalization of $2.08 trillion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company earned $0.31 per share. The company’s revenue increased 12.5% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will report earnings of $4.72 per share for the current year.

Insiders are betting

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in documents filed with the SEC, which can be accessed through the SEC’s website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in documents filed with the SEC, which can be accessed through this hyperlink . Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3. The shares were sold for an average price of $177.29, for a total of $620,515.00. Following the sale, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. Disclosure of that sale can be found here . Insiders sold a total of 1,532,985 shares of the company’s stock valued at $305,578,679 during the last quarter. Insiders own 10.80% of the stock.

Amazon.com Company Profile

(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.

Changes in analyst ratings

Amazon.com revenue growth of 1.2%

Insiders are betting

Amazon.com Company Profile

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