Berger Financial Group Inc Buys 742 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Berger Financial Group Inc raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,750 shares of the e-commerce giant’s stock after purchasing an additional 742 shares during the period. Amazon.com accounts for 1.6% of Berger Financial Group Inc’s holdings, making the stock its 13th biggest holding. Berger Financial Group Inc’s holdings in Amazon.com were worth $10,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% during the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after acquiring an additional 79 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Amazon.com by 21.8% during the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock worth $237,686,000 after acquiring an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Amazon.com by 0.8% during the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after acquiring an additional 15 shares in the last quarter. Markel Corp increased its position in shares of Amazon.com by 0.6% during the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after acquiring an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC increased its position in shares of Amazon.com by 24.8% during the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after acquiring an additional 540 shares in the last quarter. 57.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. The Goldman Sachs Group decreased their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. Cowen boosted their price target on shares of Amazon.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, December 1st. Robert W. Baird cut their price target on shares of Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Monness Crespi & Hardt cut their price target on shares of Amazon.com from $172.00 to $136.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Bank of America cut their price target on shares of Amazon.com from $157.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $145.87.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $94.00, for a total transaction of $329,000.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,259,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP David Zapolsky sold 8,380 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $787,720.00. Following the transaction, the senior vice president now owns 76,980 shares of the company’s stock, valued at approximately $7,236,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total transaction of $329,000.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,259,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,428 shares of company stock valued at $5,077,578. Company insiders own 12.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $97.52 on Tuesday. The firm’s 50 day simple moving average is $90.70 and its 200 day simple moving average is $110.10. The company has a current ratio of 0.94, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $994.87 billion, a PE ratio of 89.51, a price-to-earnings-growth ratio of 3.06 and a beta of 1.22. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. As a group, analysts expect that Amazon.com, Inc. will post 0.68 earnings per share for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.