Brady Family Wealth LLC Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Brady Family Wealth LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,830 shares of the e-commerce giant's stock after buying an additional 1,782 shares during the period. Amazon.com makes up about 2.0% of Brady Family Wealth LLC's investment portfolio, making the stock its 14th biggest position. Brady Family Wealth LLC's holdings in Amazon.com were worth $6,344,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $30,000. Strid Group LLC purchased a new stake in Amazon.com in the fourth quarter worth about $43,000. Clarity Asset Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth about $46,000. Steph & Co. bought a new position in shares of Amazon.com in the first quarter worth about $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the 1st quarter valued at about $69,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm's stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,107,817 shares of company stock valued at $1,221,241,837. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.9 %

NASDAQ:AMZN traded down $1.54 during mid-day trading on Monday, reaching $175.50. The company's stock had a trading volume of 22,306,437 shares, compared to its average volume of 42,892,293. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $201.20. The stock has a fifty day moving average of $183.61 and a 200-day moving average of $181.09. The firm has a market capitalization of $1.83 trillion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. Equities research analysts forecast that Amazon.com, Inc. will post 4.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMZN shares. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Wolfe Research initiated coverage on shares of Amazon.com in a research report on Tuesday, July 16th. They set an "outperform" rating and a $250.00 price objective on the stock. Benchmark reaffirmed a "buy" rating and issued a $200.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Robert W. Baird raised their price target on Amazon.com from $210.00 to $213.00 and gave the company an "outperform" rating in a report on Friday, June 21st. Finally, Stifel Nicolaus lowered their price objective on Amazon.com from $228.00 to $224.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $221.36.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.