Brown University Buys Shares of 26,400 Amazon.com, Inc. (NASDAQ:AMZN)

Brown University purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 26,400 shares of the e-commerce giant’s stock, valued at approximately $5,023,000. Amazon.com comprises approximately 2.3% of Brown University’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mountain Hill Investment Partners Corp. raised its position in shares of Amazon.com by 14.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 34,819 shares of the e-commerce giant’s stock valued at $6,625,000 after acquiring an additional 4,465 shares in the last quarter. BluePointe Capital Management LLC raised its position in shares of Amazon.com by 55.5% during the 1st quarter. BluePointe Capital Management LLC now owns 28,339 shares of the e-commerce giant’s stock valued at $5,392,000 after acquiring an additional 10,115 shares in the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in shares of Amazon.com by 221.7% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 17,931 shares of the e-commerce giant’s stock valued at $3,412,000 after acquiring an additional 12,358 shares in the last quarter. Provident Trust Co. raised its position in shares of Amazon.com by 9.9% during the 1st quarter. Provident Trust Co. now owns 1,478 shares of the e-commerce giant’s stock valued at $281,000 after acquiring an additional 133 shares in the last quarter. Finally, Hager Investment Management Services LLC raised its position in shares of Amazon.com by 1.5% during the 1st quarter. Hager Investment Management Services LLC now owns 19,094 shares of the e-commerce giant’s stock valued at $3,633,000 after acquiring an additional 275 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the sale, the insider directly owned 883,779,901 shares in the company, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer owned 512,050 shares of the company’s stock, valued at approximately $111,114,850. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,101,037 shares of company stock valued at $5,674,726,368. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $221.30 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm has a market cap of $2.36 trillion, a P/E ratio of 33.73, a PEG ratio of 1.50 and a beta of 1.31. The stock’s 50-day moving average is $219.94 and its two-hundred day moving average is $208.52. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMZN shares. Bank of America upped their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. UBS Group restated a “buy” rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Jefferies Financial Group upped their price objective on Amazon.com from $255.00 to $265.00 in a research note on Wednesday, July 16th. Finally, Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $262.45.

Amazon.com Company 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.