Brogan Financial Inc. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,473 shares of the e-commerce giant’s stock after purchasing an additional 133 shares during the period. Amazon.com makes up approximately 0.3% of Brogan Financial Inc.’s portfolio, making the stock its 25th biggest holding. Brogan Financial Inc.’s holdings in Amazon.com were worth $359,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.8% in the third quarter. Vanguard Group Inc. now owns 701,550,877 shares of the e-commerce giant’s stock worth $79,275,249,000 after buying an additional 12,456,995 shares during the period. State Street Corp boosted its position in shares of Amazon.com by 1.0% in the third quarter. State Street Corp now owns 329,849,003 shares of the e-commerce giant’s stock worth $37,272,937,000 after buying an additional 3,121,516 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after purchasing an additional 295,880,050 shares during the last quarter. FMR LLC raised its holdings in Amazon.com by 1,792.4% during the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after buying an additional 270,931,640 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 161,534,790 shares of the e-commerce giant’s stock worth $13,541,345,000 after buying an additional 3,875,615 shares in the last quarter. 57.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Credit Suisse Group upped their price objective on Amazon.com from $176.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Wells Fargo & Company lifted their price objective on shares of Amazon.com from $159.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Telsey Advisory Group boosted their target price on shares of Amazon.com from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 4th. CICC Research assumed coverage on shares of Amazon.com in a report on Sunday, July 9th. They issued an “outperform” rating on the stock. Finally, Jefferies Financial Group upped their price target on shares of Amazon.com from $135.00 to $150.00 in a research note on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.87.
Amazon.com Stock Performance
Shares of AMZN opened at $143.10 on Tuesday. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $143.63. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.48 trillion, a price-to-earnings ratio of 112.68, a PEG ratio of 1.83 and a beta of 1.24. The business’s 50 day moving average is $134.02 and its two-hundred day moving average is $118.04.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. Analysts forecast that Amazon.com, Inc. will post 2.23 EPS for the current fiscal year.
Insider Activity at Amazon.com
In related news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the sale, the chief executive officer now owns 151,780 shares of the company’s stock, valued at approximately $18,983,124.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $133.55, for a total transaction of $534,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,301 shares of the company’s stock, valued at $74,828,198.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $125.07, for a total value of $62,535.00. Following the sale, the chief executive officer now owns 151,780 shares in the company, valued at approximately $18,983,124.60. The disclosure for this sale can be found here. Insiders sold a total of 1,365,829 shares of company stock worth $49,002,857 in the last 90 days. 12.30% of the stock is owned by company insiders.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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