Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Brookstone Capital Management

Posted by Defense World Staff on Mar 19th, 2023

Brookstone Capital Management increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 196,898 shares of the e-commerce giant’s stock after acquiring an additional 7,319 shares during the quarter. Brookstone Capital Management’s holdings in Amazon.com were worth $16,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Iron Horse Wealth Management LLC boosted its position in shares of Amazon.com by 4,540.0% during the 2nd 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 during the last quarter. Wells Financial Advisors INC boosted its position in shares of Amazon.com by 1,900.0% during the 2nd 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 during the last quarter. Knott David M Jr purchased a new stake in Amazon.com in the 2nd quarter valued at about $32,000. Laurel Wealth Planning LLC raised its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 304 shares during the period. Finally, Baron Financial Group LLC raised its holdings in Amazon.com by 1,900.0% in the 2nd quarter. Baron Financial Group LLC now owns 360 shares of the e-commerce giant’s stock valued at $38,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 57.64% of the company’s stock.

Insider Activity

In other news, CEO Andrew R. Jassy sold 23,874 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the completion of the sale, the chief executive officer now directly owns 1,964,506 shares of the company’s stock, valued at $194,780,769.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 23,874 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $99.15, for a total value of $2,367,107.10. Following the sale, the chief executive officer now owns 1,964,506 shares of the company’s stock, valued at approximately $194,780,769.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $98.95 on Friday. The company has a market capitalization of $1.01 trillion, a P/E ratio of -369.20, a PEG ratio of 3.97 and a beta of 1.25. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The business has a 50 day simple moving average of $97.01 and a 200-day simple moving average of $101.53. The company has a current ratio of 0.94, a quick ratio of 0.72 and a debt-to-equity ratio of 0.46.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion during the quarter, compared to analyst estimates of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMZN. The Goldman Sachs Group reduced their price objective on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Cowen boosted their price objective on shares of Amazon.com from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Oppenheimer boosted their price objective on shares of Amazon.com from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Credit Suisse Group boosted their price objective on shares of Amazon.com from $142.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Finally, Robert W. Baird boosted their price objective on shares of Amazon.com from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $144.72.

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.