Amazon.com, Inc. (NASDAQ:AMZN) Holdings Raised by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 524,412 shares of the e-commerce giant’s stock after buying an additional 11,570 shares during the quarter. Amazon.com accounts for approximately 3.4% of Braun Stacey Associates Inc.’s portfolio, making the stock its 5th biggest position. Braun Stacey Associates Inc.’s holdings in Amazon.com were worth $101,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares in the last quarter. Meridian Investment Counsel Inc. lifted its holdings in shares of Amazon.com by 1.8% in the second quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after purchasing an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.7% during the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares in the last quarter. Stordahl Capital Management Inc. raised its holdings in shares of Amazon.com by 2.1% in the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC raised its stake in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after purchasing an additional 57 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. Truist Financial boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Tigress Financial boosted their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Sanford C. Bernstein boosted their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Finally, UBS Group raised their target price on Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com has an average rating of “Buy” and a consensus price target of $222.84.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the sale, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 1.2 %

Shares of AMZN stock opened at $193.88 on Tuesday. The stock has a 50-day simple moving average of $178.57 and a 200 day simple moving average of $182.22. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 54.31, a P/E/G ratio of 1.39 and a beta of 1.14. Amazon.com, Inc. has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Amazon.com Company 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.