Bryn Mawr Trust Advisors LLC Has $27.94 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Bryn Mawr Trust Advisors LLC trimmed its Amazon stake by 1.9% in the fourth quarter, but still held 121,023 shares valued at about $27.94 million, making AMZN its 13th-largest holding.
• Amazon reported a strong quarter with EPS of $2.78 versus the $1.63 estimate and revenue of $181.52 billion, up 16.6% year over year.
• Wall Street remains broadly bullish on the stock, with multiple analysts raising price targets and Amazon carrying a consensus rating of “Moderate Buy” and a consensus target price of $312.52.

Bryn Mawr Trust Advisors LLC lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 121,023 shares of the e-commerce giant's stock after selling 2,379 shares during the quarter. Amazon.com makes up approximately 1.3% of Bryn Mawr Trust Advisors LLC's investment portfolio, making the stock its 13th largest holding. Bryn Mawr Trust Advisors LLC's holdings in Amazon.com were worth $27,935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. American Capital Advisory LLC lifted its position in Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock valued at $1,774,000 after purchasing an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Amazon.com in the third quarter valued at approximately $451,642,000. Narwhal Capital Management lifted its position in Amazon.com by 2.3% in the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock valued at $49,997,000 after purchasing an additional 4,854 shares during the last quarter. Weaver Capital Management LLC increased its stake in shares of Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after buying an additional 4,713 shares during the period. Finally, Ethos Financial Group LLC increased its stake in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after buying an additional 3,196 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Jefferies Financial Group reissued a "market outperform" rating on shares of Amazon.com in a research note on Monday. DA Davidson boosted their target price on Amazon.com from $175.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. HSBC boosted their target price on Amazon.com from $280.00 to $310.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, China Renaissance upped their price target on Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.52.

Amazon.com Trading Down 1.8%

Amazon.com stock opened at $256.52 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The business's fifty day simple moving average is $246.43 and its two-hundred day simple moving average is $232.58. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a market capitalization of $2.76 trillion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the business's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 194,774 shares of company stock valued at $51,348,244. Company insiders own 8.90% of the company's stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon moved Prime Day to June 23-26 and kept it a four-day event, which could lift near-term e-commerce sales and membership engagement. Reuters Prime Day article
• Positive Sentiment: The event will include new Alexa AI features, reinforcing Amazon’s AI strategy and potentially improving shopping conversion. Forbes article on Alexa AI-powered Prime Day
• Positive Sentiment: Analyst commentary remained constructive, with bullish Wall Street coverage and price-target increases helping support the stock. Zacks analyst article
• Neutral Sentiment: Amazon’s cloud and AI businesses continue to draw attention, including reports that AWS is expanding AI-related investment and that its Anthropic stake has become far more valuable. Business Insider article on Anthropic stake
• Negative Sentiment: Amazon faces fresh regulatory and legal pressure, including an EU cloud procurement review that could make it harder for AWS to win certain government contracts. Reuters EU cloud rules article
• Negative Sentiment: Amazon’s Ring unit was hit with a class-action privacy lawsuit over facial recognition features, adding to ongoing data-privacy scrutiny. Reuters Ring lawsuit article
• Negative Sentiment: Investor sentiment may also be weighed by a report that Stanley Druckenmiller sharply reduced his Amazon position, which can be read as a cautious signal from a high-profile fund manager. Motley Fool Druckenmiller article

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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