Brookstone Capital Management Has $49.46 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Brookstone Capital Management raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 325,514 shares of the e-commerce giant’s stock after acquiring an additional 12,927 shares during the quarter. Amazon.com makes up about 1.0% of Brookstone Capital Management’s investment portfolio, making the stock its 13th largest holding. Brookstone Capital Management’s holdings in Amazon.com were worth $49,459,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMZN. King Wealth lifted its stake in shares of Amazon.com by 4.6% during the 2nd quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock worth $3,826,000 after buying an additional 1,296 shares during the last quarter. Ascension Asset Management LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $2,001,000. Register Financial Advisors LLC lifted its stake in shares of Amazon.com by 14.3% during the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Amazon.com by 1.0% during the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after acquiring an additional 148 shares during the period. Finally, Westchester Capital Management Inc. increased its position in Amazon.com by 0.6% during the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. Piper Sandler raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. BMO Capital Markets began coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target on the stock. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Sanford C. Bernstein raised their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Finally, Robert W. Baird raised their price target on shares of Amazon.com from $185.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $197.95.

Amazon.com Stock Up 0.9 %

NASDAQ:AMZN opened at $179.83 on Thursday. The company has a market cap of $1.87 trillion, a PE ratio of 62.01, a P/E/G ratio of 1.57 and a beta of 1.17. Amazon.com, Inc. has a one year low of $96.29 and a one year high of $181.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The firm’s 50 day simple moving average is $169.73 and its 200 day simple moving average is $151.07.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total value of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares in the company, valued at approximately $17,265,892.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the completion of the sale, the chief executive officer now owns 118,560 shares of the company’s stock, valued at approximately $17,265,892.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,210,510 shares of company stock worth $5,505,223,106. Company insiders own 12.70% of the company’s stock.

About Amazon.com

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.