Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,002,629 shares of the e-commerce giant's stock after selling 9,214 shares during the quarter. Amazon.com comprises about 3.1% of Brown Brothers Harriman & Co.'s investment portfolio, making the stock its 8th biggest position. Brown Brothers Harriman & Co.'s holdings in Amazon.com were worth $439,357,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after buying an additional 17,635,391 shares during the period. State Street Corp raised its holdings in Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after purchasing an additional 6,545,944 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. Finally, Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant's stock valued at $14,719,407,000 after purchasing an additional 545,292 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $0.85 during midday trading on Friday, hitting $189.35. The company's stock had a trading volume of 31,216,677 shares, compared to its average volume of 41,562,783. The firm has a market cap of $2.01 trillion, a P/E ratio of 34.12, a P/E/G ratio of 1.50 and a beta of 1.39. The firm's fifty day moving average price is $190.94 and its 200-day moving average price is $207.76. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. During the same quarter in the prior year, the firm earned $0.98 EPS. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the transaction, the senior vice president now directly owns 49,950 shares of the company's stock, valued at approximately $10,864,125. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock worth $23,341,803 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMZN. Cantor Fitzgerald increased their target price on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday. Scotiabank decreased their target price on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. BNP Paribas raised shares of Amazon.com to a "hold" rating in a research note on Wednesday. Piper Sandler reissued an "overweight" rating and set a $265.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Finally, Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $245.63.

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.