Brown Advisory Inc. Has $2.55 Billion Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• Brown Advisory Inc. reduced its stake in Amazon.com by 3.5%, selling 488,492 shares, while still holding 13,410,845 shares worth approximately $2.55 billion as of the latest SEC disclosure.
• Insider Jeffrey P. Bezos sold over 4.27 million shares of Amazon for nearly $960.67 million, representing a 0.47% reduction in his holdings.
• Amazon recently posted earnings of $1.68 per share, surpassing analyst expectations, with a revenue of $167.70 billion for the quarter, reflecting a 13.3% year-over-year increase.

Brown Advisory Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,410,845 shares of the e-commerce giant's stock after selling 488,492 shares during the period. Amazon.com accounts for approximately 3.6% of Brown Advisory Inc.'s portfolio, making the stock its 2nd biggest holding. Brown Advisory Inc. owned 0.13% of Amazon.com worth $2,551,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. FMR LLC boosted its position in Amazon.com by 0.5% during the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the period. Geode Capital Management LLC boosted its position in Amazon.com by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $27,266,582,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 8.3%

NASDAQ AMZN traded down $19.36 during trading hours on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 43,924,596. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company's 50-day simple moving average is $218.20 and its two-hundred day simple moving average is $209.11. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.28 trillion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31.

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

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The shares were 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. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 25,099,537 shares of company stock valued at $5,674,394,548. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Telsey Advisory Group boosted their target price on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday. Rosenblatt Securities increased their target price on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a report on Friday. Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $262.45.

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.