Von Berge Wealth Management Group LLC Purchases 60 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Von Berge Wealth Management Group LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,739 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the quarter. Von Berge Wealth Management Group LLC’s holdings in Amazon.com were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Clear Creek Financial Management LLC raised its position in shares of Amazon.com by 3.1% during the 1st quarter. Clear Creek Financial Management LLC now owns 45,610 shares of the e-commerce giant’s stock valued at $8,678,000 after purchasing an additional 1,359 shares during the period. Lincoln Capital Corp increased its stake in Amazon.com by 2.8% in the 1st quarter. Lincoln Capital Corp now owns 44,981 shares of the e-commerce giant’s stock worth $8,558,000 after buying an additional 1,235 shares in the last quarter. Hapanowicz & Associates Financial Services Inc raised its holdings in Amazon.com by 33.4% during the first quarter. Hapanowicz & Associates Financial Services Inc now owns 2,301 shares of the e-commerce giant’s stock valued at $438,000 after acquiring an additional 576 shares during the period. Elevate Capital Advisors LLC lifted its position in shares of Amazon.com by 2.6% in the first quarter. Elevate Capital Advisors LLC now owns 21,882 shares of the e-commerce giant’s stock valued at $4,163,000 after acquiring an additional 547 shares in the last quarter. Finally, WT Asset Management Ltd boosted its stake in shares of Amazon.com by 25.6% in the first quarter. WT Asset Management Ltd now owns 422,537 shares of the e-commerce giant’s stock worth $80,392,000 after acquiring an additional 86,009 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Cantor Fitzgerald lifted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Barclays cut their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Westpark Capital restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.33.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 25,102,037 shares of company stock worth $5,674,871,223. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 0.3%

NASDAQ:AMZN opened at $231.44 on Friday. The firm has a 50-day simple moving average of $215.66 and a 200-day simple moving average of $208.82. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The firm has a market cap of $2.46 trillion, a P/E ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last posted 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. The company 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%. Amazon.com’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.