Amazon.com, Inc. $AMZN Shares Purchased by Brown Wealth Management LLC

Brown Wealth Management LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 92.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,340 shares of the e-commerce giant's stock after acquiring an additional 3,535 shares during the quarter. Brown Wealth Management LLC's holdings in Amazon.com were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc raised its position in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the period. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler raised their price objective on Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Cantor Fitzgerald raised their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Citigroup reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Roth Capital set a $250.00 price objective on Amazon.com and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wedbush raised their price objective on Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $262.87.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 25,097,911 shares of company stock valued at $5,675,986,299 in the last three months. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 0.4%

NASDAQ:AMZN opened at $227.94 on Tuesday. The company has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a 50-day simple moving average of $222.87 and a 200 day simple moving average of $207.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.

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