Amazon.com, Inc. $AMZN Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,325,106 shares of the e-commerce giant’s stock after selling 2,074,253 shares during the period. Amazon.com makes up approximately 3.0% of Brown Advisory Inc.’s holdings, making the stock its 4th biggest position. Brown Advisory Inc. owned 0.09% of Amazon.com worth $2,152,426,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMZN. Lifelong Wealth Advisors Inc. lifted its holdings in Amazon.com by 2.4% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock worth $402,000 after purchasing an additional 41 shares during the period. Financial Connections Group Inc. increased its stake in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock valued at $376,000 after buying an additional 42 shares during the period. Marquette Asset Management LLC raised its position in shares of Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock worth $205,000 after buying an additional 43 shares in the last quarter. Western Financial Corp CA raised its position in shares of Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant’s stock worth $710,000 after buying an additional 44 shares in the last quarter. Finally, Navalign LLC lifted its stake in shares of Amazon.com by 0.3% in the 4th quarter. Navalign LLC now owns 13,349 shares of the e-commerce giant’s stock worth $3,081,000 after acquiring an additional 44 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. Telsey Advisory Group upped their target price on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Piper Sandler set a $330.00 price target on Amazon.com in a research note on Thursday. Royal Bank Of Canada set a $320.00 price target on Amazon.com and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Phillip Securities raised Amazon.com from a “moderate buy” rating to a “buy” rating and set a $280.00 price objective on the stock in a research note on Wednesday, May 13th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $312.78.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $266.19, for a total transaction of $266,190.00. Following the sale, the chief executive officer owned 485,527 shares in the company, valued at $129,242,432.13. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,774 shares of company stock valued at $51,614,434 over the last three months. 8.90% of the stock is owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $238.55 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The business’s fifty day moving average is $253.49 and its two-hundred day moving average is $233.62. The stock has a market capitalization of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 1.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

About Amazon.com

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.