Berry Wealth Group LP buys 6,394 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Berry Wealth Group LP has purchased a new position in Amazon.com, Inc., according to the latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMZN – Free Report) in the fourth quarter. The company acquired 6,394 shares of the e-commerce giant’s stock worth about $972,000. Amazon.com makes up about 0.9% of Berry Wealth Group LP’s portfolio, making it the 25th largest company.

Several other hedge funds have also recently made changes to their stock positions. In the third quarter, Vanguard Group Inc. increased its position in Amazon.com shares by 4.4%. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock valued at $96,350,832,000 after purchasing an additional 32,038,029 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% in the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Northern Trust Corp increased its holdings in Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Jennison Associates LLC increased its holdings in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after purchasing an additional 1,389,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 50,395,031 shares of the e-commerce giant’s stock valued at $6,406,216,000 after purchasing an additional 1,374,052 shares during the period. 72.20% of the shares are currently owned by hedge funds and other institutional investors.

Amazon.com pricing performance

AMZN stock opened at $183.13 on Thursday. The company has a 50-day moving average of $181.87 and a 200-day moving average of $165.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of $1.91 trillion, a P/E ratio of 51.30, a PEG ratio of 1.33 and a beta of 1.15. Amazon.com, Inc. it has a 1-year low of $113.78 and a 1-year high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, which topped the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter last year, the company earned $0.31 EPS. The company’s revenues increased by 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. it will record 4.67 EPS for the current year.

The Wall Street analyst concludes

Many equity research analysts have recently published reports on AMZN stock. Oppenheimer raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Barclays increased their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Argus raised their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Raymond James increased their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a research note on Wednesday, May 1st. One equity research analyst rated the stock with a hold rating, forty-four issued a buy rating and one gave a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com’s average rating is currently “Buy” and the consensus price target is $211.62.

Check out our latest stock report on Amazon.com

Confidential activity

In related news, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the closing of the transaction, the director now directly owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The sale was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. In other Amazon.com news, CEO Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of USD 180.00, for a total transaction amount of USD 1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares of the company’s stock valued at $19,739,520. The sale was disclosed in a letter filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, Keith Brian Alexander, Director sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock valued at $886,407.20. The announcement of this sale can be found here. Over the last 90 days, insiders have sold 70,320 shares of company stock worth $12,722,720. Corporate insiders own 10.80% of the company’s shares.

About Amazon.com

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Amazon.com pricing performance

The Wall Street analyst concludes

Confidential activity

About Amazon.com

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