Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Brighton Jones LLC

Posted by on Feb 25th, 2023

Brighton Jones LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,720,418 shares of the e-commerce giant’s stock after purchasing an additional 129,980 shares during the quarter. Amazon.com accounts for about 24.7% of Brighton Jones LLC’s investment portfolio, making the stock its largest holding. Brighton Jones LLC’s holdings in Amazon.com were worth $420,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rocky Mountain Advisers LLC grew its position in Amazon.com by 1,311.8% in the second quarter. Rocky Mountain Advisers LLC now owns 240 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 223 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in Amazon.com by 4,540.0% in the second quarter. Iron Horse Wealth Management LLC now owns 232 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 227 shares in the last quarter. Wells Financial Advisors INC grew its position in Amazon.com by 1,900.0% in the second quarter. Wells Financial Advisors INC now owns 280 shares of the e-commerce giant’s stock valued at $30,000 after acquiring an additional 266 shares in the last quarter. Knott David M Jr acquired a new stake in Amazon.com in the second quarter valued at approximately $32,000. Finally, Laurel Wealth Planning LLC grew its position in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $93.50 on Friday. The stock’s fifty day moving average price is $94.10 and its two-hundred day moving average price is $106.30. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.72. The firm has a market cap of $958.12 billion, a PE ratio of -348.87, a price-to-earnings-growth ratio of 3.82 and a beta of 1.22.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. During the same quarter in the previous year, the business posted $1.39 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 1.38 EPS for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the transaction, the chief executive officer now owns 124,180 shares in the company, valued at approximately $13,837,377.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of Amazon.com stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the transaction, the chief executive officer now owns 1,964,506 shares in the company, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,394 shares of company stock worth $6,619,426. Insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Amazon.com from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 28th. DA Davidson raised their price target on shares of Amazon.com from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Wells Fargo & Company decreased their price target on shares of Amazon.com from $155.00 to $145.00 in a research report on Friday, February 3rd. The Goldman Sachs Group decreased their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Finally, Susquehanna raised their price target on shares of Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $144.87.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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