Berkeley Capital Partners LLC Purchases 221 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Berkeley Capital Partners LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,700 shares of the e-commerce giant’s stock after buying an additional 221 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Amazon.com were worth $1,395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Capital Management LLC raised its stake in Amazon.com by 5.6% during the second quarter. Advisors Capital Management LLC now owns 345,455 shares of the e-commerce giant’s stock worth $45,034,000 after acquiring an additional 18,467 shares in the last quarter. Great Lakes Retirement Inc. lifted its stake in Amazon.com by 1.7% in the 2nd quarter. Great Lakes Retirement Inc. now owns 91,297 shares of the e-commerce giant’s stock valued at $11,901,000 after purchasing an additional 1,523 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Amazon.com by 0.6% during the second quarter. First Horizon Advisors Inc. now owns 125,276 shares of the e-commerce giant’s stock worth $16,331,000 after buying an additional 779 shares during the last quarter. Forbes J M & Co. LLP increased its holdings in shares of Amazon.com by 21.0% during the second quarter. Forbes J M & Co. LLP now owns 176,646 shares of the e-commerce giant’s stock worth $23,028,000 after buying an additional 30,680 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its stake in shares of Amazon.com by 5.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 33,468 shares of the e-commerce giant’s stock valued at $4,363,000 after acquiring an additional 1,688 shares during the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.8 %

NASDAQ:AMZN opened at $143.20 on Thursday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $147.29. The company has a market cap of $1.48 trillion, a PE ratio of 74.20, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. The firm has a 50-day moving average of $133.48 and a 200-day moving average of $129.01.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $138.48, for a total value of $69,240.00. Following the transaction, the chief executive officer now owns 106,520 shares in the company, valued at $14,750,889.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 42,816 shares of Amazon.com stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $145.13, for a total transaction of $6,213,886.08. Following the transaction, the senior vice president now owns 64,380 shares of the company’s stock, valued at approximately $9,343,469.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $138.48, for a total value of $69,240.00. Following the completion of the transaction, the chief executive officer now directly owns 106,520 shares of the company’s stock, valued at $14,750,889.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,089 shares of company stock valued at $15,479,976. Corporate insiders own 12.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. DA Davidson upped their target price on Amazon.com from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Canaccord Genuity Group raised their price objective on shares of Amazon.com from $160.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 4th. Canaccord Genuity Group boosted their target price on shares of Amazon.com from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $165.00 price target on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, StockNews.com raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.93.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.