Berkshire Bank Has $6.30 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Berkshire Bank grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 41,450 shares of the e-commerce giant’s stock after buying an additional 242 shares during the period. Amazon.com accounts for 1.7% of Berkshire Bank’s investment portfolio, making the stock its 12th largest holding. Berkshire Bank’s holdings in Amazon.com were worth $6,298,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mayflower Financial Advisors LLC raised its stake in Amazon.com by 0.3% during the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 572 shares in the last quarter. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. Laurel Wealth Planning LLC grew its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com during the fourth quarter worth about $37,000. Finally, Swaine & Leidel Wealth Services LLC bought a new stake in shares of Amazon.com during the first quarter worth about $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Stifel Nicolaus boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Sanford C. Bernstein boosted their price target on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Roth Mkm boosted their price target on Amazon.com from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Barclays boosted their price target on Amazon.com from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Finally, Moffett Nathanson reiterated a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $201.43.

Amazon.com Trading Down 1.3 %

NASDAQ AMZN opened at $183.62 on Tuesday. The firm has a market capitalization of $1.91 trillion, a P/E ratio of 63.32, a PEG ratio of 1.62 and a beta of 1.17. The business has a fifty day simple moving average of $176.60 and a 200 day simple moving average of $155.79. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, analysts predict that Amazon.com, Inc. will post 4.08 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The stock was 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 directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock valued at $5,505,874,846. 12.70% of the stock is owned by insiders.

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.