Berry Wealth Group LP Grows Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Berry Wealth Group LP boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,297 shares of the e-commerce giant’s stock after acquiring an additional 441 shares during the period. Berry Wealth Group LP’s holdings in Amazon.com were worth $1,198,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Castlekeep Investment Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth about $25,000. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $27,000. LSV Asset Management bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $35,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the 1st quarter worth approximately $40,000. Finally, Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 0.3%

Shares of NASDAQ AMZN opened at $226.35 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm’s 50-day moving average price is $211.52 and its 200-day moving average price is $208.50. The stock has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays reduced their target price on Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Westpark Capital reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Piper Sandler set a $250.00 target price on shares of Amazon.com and gave the company an “overweight” rating in a research note on Friday, July 11th. Tigress Financial raised their price target on shares of Amazon.com from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $249.42.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,442,187 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the transaction, the insider owned 895,279,901 shares in the company, valued at $202,234,776,836.89. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 10.80% of the stock is owned by corporate insiders.

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.