Berkshire Money Management Inc. Purchases 188 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Berkshire Money Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,555 shares of the e-commerce giant’s stock after purchasing an additional 188 shares during the quarter. Amazon.com comprises approximately 0.2% of Berkshire Money Management Inc.’s investment portfolio, making the stock its 27th largest position. Berkshire Money Management Inc.’s holdings in Amazon.com were worth $1,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. Tallon Kerry Patrick bought a new stake in shares of Amazon.com in the 4th quarter worth $800,000. Capital & Planning LLC lifted its holdings in Amazon.com by 72.1% during the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant’s stock valued at $856,000 after purchasing an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock valued at $10,839,000 after purchasing an additional 860 shares during the last quarter. Brighton Jones LLC lifted its holdings in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Amazon.com during the fourth quarter valued at about $301,650,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of Amazon.com from $201.00 to $238.00 and gave the company an “equal weight” rating in a report on Tuesday, July 8th. UBS Group reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, May 6th. Cantor Fitzgerald increased their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Westpark Capital reissued a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.35.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,000,233.60. Following the completion of the sale, the chief executive officer directly owned 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,602,037 shares of company stock valued at $3,044,172,641. 9.70% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $223.19 on Thursday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The business has a 50-day simple moving average of $212.21 and a two-hundred day simple moving average of $208.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

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

Amazon.com 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.