Braun Bostich & Associates Inc. Has $1.08 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Braun Bostich & Associates Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 1st quarter, Holdings Channel reports. The firm owned 5,676 shares of the e-commerce giant’s stock after buying an additional 84 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Amazon.com were worth $1,080,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Define Financial LLC acquired a new position in Amazon.com during the 1st quarter worth $389,000. Fifth Third Bancorp lifted its position in Amazon.com by 2.7% during the 1st quarter. Fifth Third Bancorp now owns 3,850,838 shares of the e-commerce giant’s stock worth $732,660,000 after acquiring an additional 99,649 shares during the last quarter. Simon Quick Advisors LLC raised its position in shares of Amazon.com by 24.0% during the first quarter. Simon Quick Advisors LLC now owns 191,715 shares of the e-commerce giant’s stock valued at $36,476,000 after buying an additional 37,162 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Amazon.com by 2.2% during the first quarter. Capital Advisors Ltd. LLC now owns 12,540 shares of the e-commerce giant’s stock valued at $2,386,000 after buying an additional 267 shares during the last quarter. Finally, Echo45 Advisors LLC raised its position in shares of Amazon.com by 5.6% during the first quarter. Echo45 Advisors LLC now owns 6,387 shares of the e-commerce giant’s stock valued at $1,215,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 2.4%

Shares of NASDAQ:AMZN opened at $217.12 on Friday. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $201.25 and its 200 day simple moving average is $209.02. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.60 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the sale, the chief executive officer now directly owns 2,148,694 shares of the company’s stock, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,037 shares of company stock worth $20,531,075. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. Bank of America upped their price objective on shares of Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Wall Street Zen lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. The Goldman Sachs Group cut their price objective on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BNP Paribas raised shares of Amazon.com to a “hold” rating in a research report on Wednesday, April 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.64.

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.