Brown Advisory Inc. Lowers Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Brown Advisory Inc. reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,899,337 shares of the e-commerce giant's stock after selling 150,677 shares during the period. Amazon.com makes up about 3.9% of Brown Advisory Inc.'s investment portfolio, making the stock its 2nd largest position. Brown Advisory Inc. owned about 0.13% of Amazon.com worth $3,049,376,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMZN. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its stake in Amazon.com by 14.3% in the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after buying an additional 1,198 shares in the last quarter. Bearing Point Capital LLC acquired a new stake in Amazon.com in the 4th quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,537 shares of company stock worth $20,018,625. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $5.03 during trading hours on Tuesday, reaching $206.02. 34,776,251 shares of the stock were exchanged, compared to its average volume of 41,992,480. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 1.50 and a beta of 1.30. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock's fifty day simple moving average is $190.38 and its 200 day simple moving average is $208.73.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Scotiabank decreased their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Finally, DA Davidson dropped their price objective on Amazon.com from $280.00 to $230.00 and set a "buy" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

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.