Bernardo Wealth Planning LLC Has $3.77 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Bernardo Wealth Planning LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,238 shares of the e-commerce giant’s stock after acquiring an additional 355 shares during the quarter. Amazon.com accounts for 0.9% of Bernardo Wealth Planning LLC’s holdings, making the stock its 26th largest holding. Bernardo Wealth Planning LLC’s holdings in Amazon.com were worth $3,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. My Legacy Advisors LLC lifted its holdings in Amazon.com by 6.5% in the fourth quarter. My Legacy Advisors LLC now owns 21,393 shares of the e-commerce giant’s stock valued at $4,778,000 after buying an additional 1,299 shares during the period. Maiden Cove Capital LLC increased its stake in Amazon.com by 2.2% in the 4th quarter. Maiden Cove Capital LLC now owns 4,044 shares of the e-commerce giant’s stock valued at $887,000 after buying an additional 86 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of Amazon.com by 4.7% during the 4th quarter. Artemis Investment Management LLP now owns 1,168,573 shares of the e-commerce giant’s stock worth $256,373,000 after purchasing an additional 52,447 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of Amazon.com by 0.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 6,495 shares of the e-commerce giant’s stock worth $1,425,000 after purchasing an additional 58 shares during the last quarter. Finally, Arbor Trust Wealth Advisors LLC boosted its holdings in Amazon.com by 4.3% in the 4th quarter. Arbor Trust Wealth Advisors LLC now owns 5,728 shares of the e-commerce giant’s stock worth $1,257,000 after buying an additional 236 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Tigress Financial raised their price target on shares of Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital boosted their price target on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Mizuho boosted their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $251.44.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. Company insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 0.1 %

Shares of Amazon.com stock opened at $237.42 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $241.77. The business has a fifty day simple moving average of $223.83 and a 200 day simple moving average of $198.98. The stock has a market cap of $2.50 trillion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

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.