J. M. Brown & Associates Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,733 shares of the e-commerce giant's stock, valued at approximately $1,128,000. Amazon.com makes up 0.6% of J. M. Brown & Associates Inc.'s investment portfolio, making the stock its 29th biggest holding.
Several other institutional investors and hedge funds have also made changes to their positions in AMZN. MilWealth Group LLC grew its stake in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com in the fourth quarter worth about $45,000. Elkhorn Partners Limited Partnership lifted its stake in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC boosted its holdings in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 108 shares during the last quarter. Finally, Prudent Man Investment Management Inc. grew its position in Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after purchasing an additional 107 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 70,589 shares of company stock valued at $18,314,015 in the last quarter. Insiders own 8.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Barclays reissued an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Wedbush boosted their target price on shares of Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Raymond James Financial restated an "outperform" rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $328.00 price objective (up from $322.00) on shares of Amazon.com in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $323.09.
Read Our Latest Stock Report on AMZN
Amazon.com Stock Up 0.0%
Shares of NASDAQ AMZN opened at $254.98 on Thursday. The firm has a market cap of $2.75 trillion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44. The company's 50-day simple moving average is $252.99 and its 200-day simple moving average is $241.79. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.
Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period last year, the company posted $1.68 EPS. Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Institutional investors are signaling confidence in Amazon’s AI infrastructure opportunity. Stanley Druckenmiller increased Duquesne’s AMZN position more than tenfold, while Philippe Laffont’s Coatue expanded its stake 49%, reinforcing the thesis that AWS will benefit from sustained AI-computing demand. Stanley Druckenmiller Increased Amazon More Than 10-Fold and Opened an AMD Position
- Positive Sentiment: AWS growth, accelerating e-commerce revenue and expanding AI infrastructure investment remain key bullish factors. Analysts continue to see substantial upside, including a reiterated $350 price target, although Amazon’s heavy capital expenditures could pressure near-term cash returns. Amazon Retains Top Pick Status
- Positive Sentiment: Amazon’s new YouTube Shopping partnership allows creators to tag products and earn affiliate commissions, potentially expanding social-commerce traffic and advertising opportunities. Zoox’s expansion into additional U.S. markets also adds a longer-term mobility growth option. How Could Amazon Gain From New Creator Shopping Tools?
- Neutral Sentiment: The Justice Department requested beef-pricing data from Amazon and other major retailers as part of an investigation into meat-industry pricing. Amazon is not accused of wrongdoing in the reports, but the inquiry adds regulatory visibility. DOJ Expands Beef Price Investigation
- Negative Sentiment: The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged roughly 1.2 million advertisers by more than $20 billion. Potential penalties, pricing changes and pressure on the high-margin advertising business are the most immediate downside risks. FTC Sues Amazon, Alleging It Overcharged Advertisers
- Negative Sentiment: Amazon is facing additional workforce friction, including planned corporate job cuts and a one-day Teamsters strike at its large Riverside warehouse. These developments could increase reputational, labor and operating-cost concerns.
Amazon.com Company Profile
(
Free Report)
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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