Brookwood Investment Group LLC Takes $15.62 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Brookwood Investment Group LLC invested approximately $15.62 million in Amazon.com, acquiring 82,082 shares, which now represent 2.7% of their total holdings.
• Several research analysts have raised their price targets for Amazon.com, with a consensus average target price of $262.87 and a majority rating the stock as a "Buy."
• Insiders, including CEO Douglas J. Herrington and Jeff Bezos, have recently sold shares, with insiders having sold over $5.65 billion worth of stock in the last quarter.

Brookwood Investment Group LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 82,082 shares of the e-commerce giant's stock, valued at approximately $15,617,000. Amazon.com makes up about 2.7% of Brookwood Investment Group LLC's portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also recently bought and sold shares of AMZN. FMR LLC raised its holdings in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC raised its stake in Amazon.com by 2.5% during the fourth 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 lifted its stake in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter valued at $27,266,582,000. Finally, Northern Trust Corp grew its position in shares of Amazon.com by 14.0% during the fourth quarter. Northern Trust Corp now owns 97,076,276 shares of the e-commerce giant's stock worth $21,297,564,000 after acquiring an additional 11,926,749 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $232.32, for a total value of $1,111,418.88. Following the completion of the transaction, the chief executive officer owned 510,255 shares in the company, valued at $118,542,441.60. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares in the company, valued at $203,649,402,587.43. This represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,012,284 shares of company stock valued at $5,656,976,492. Corporate insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Evercore ISI restated an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Tigress Financial lifted their price target on Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Wedbush increased their price objective on Amazon.com from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com Price Performance

Shares of AMZN traded up $6.89 during mid-day trading on Friday, hitting $228.84. The company's stock had a trading volume of 37,264,095 shares, compared to its average volume of 46,830,960. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a 50-day moving average price of $222.63 and a 200 day moving average price of $208.07. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.54 and a beta of 1.31.

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

Amazon.com 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.