Brown University Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

Brown University purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,400 shares of the e-commerce giant's stock, valued at approximately $5,023,000. Amazon.com accounts for approximately 2.3% of Brown University's investment portfolio, making the stock its 6th biggest position.

Several other hedge funds have also recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Amazon.com by 14.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 34,819 shares of the e-commerce giant's stock worth $6,625,000 after purchasing an additional 4,465 shares during the period. BluePointe Capital Management LLC lifted its holdings in shares of Amazon.com by 55.5% during the first quarter. BluePointe Capital Management LLC now owns 28,339 shares of the e-commerce giant's stock worth $5,392,000 after purchasing an additional 10,115 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 221.7% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 17,931 shares of the e-commerce giant's stock worth $3,412,000 after purchasing an additional 12,358 shares during the period. Provident Trust Co. lifted its holdings in shares of Amazon.com by 9.9% during the first quarter. Provident Trust Co. now owns 1,478 shares of the e-commerce giant's stock worth $281,000 after purchasing an additional 133 shares during the period. Finally, Hager Investment Management Services LLC lifted its holdings in shares of Amazon.com by 1.5% during the first quarter. Hager Investment Management Services LLC now owns 19,094 shares of the e-commerce giant's stock worth $3,633,000 after purchasing an additional 275 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction that occurred on 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 transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price for the company in a report on Friday, June 27th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. Wells Fargo & Company raised their target price on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a report on Monday, July 28th. Finally, Rosenblatt Securities raised their target price on Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a report on Friday, August 1st. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $262.45.

Amazon.com Stock Performance

Amazon.com stock opened at $221.30 on Tuesday. The stock's 50 day moving average price is $219.94 and its 200 day moving average price is $208.52. The firm has a market capitalization of $2.36 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.31. 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, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect 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.

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