38,423 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,423 shares of the e-commerce giant’s stock, valued at approximately $8,430,000. Amazon.com comprises about 6.8% of Berbice Capital Management LLC’s holdings, making the stock its 4th largest holding.

Several other hedge funds have also made changes to their positions in the stock. Fiera Capital Corp boosted its position in shares of Amazon.com by 12.5% in the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after purchasing an additional 44,615 shares during the period. William Blair Investment Management LLC lifted its position in shares of Amazon.com by 6.2% in the second quarter. William Blair Investment Management LLC now owns 6,743,444 shares of the e-commerce giant’s stock worth $1,303,171,000 after buying an additional 391,337 shares during the last quarter. Vima LLC boosted its holdings in shares of Amazon.com by 8.5% during the 2nd quarter. Vima LLC now owns 9,677 shares of the e-commerce giant’s stock worth $1,870,000 after buying an additional 758 shares during the period. Wealthspire Advisors LLC grew its holdings in Amazon.com by 11.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 156,018 shares of the e-commerce giant’s stock valued at $30,150,000 after buying an additional 16,061 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in shares of Amazon.com by 10.6% during the 2nd quarter. Krane Funds Advisors LLC now owns 5,406 shares of the e-commerce giant’s stock worth $1,045,000 after purchasing an additional 519 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.2 %

NASDAQ AMZN opened at $232.76 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The business has a fifty day moving average price of $227.38 and a 200 day moving average price of $201.24. The company has a market cap of $2.45 trillion, a P/E ratio of 42.09, a P/E/G ratio of 1.36 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. Research analysts anticipate that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Loop Capital lifted their target price on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Oppenheimer boosted their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Wedbush reissued an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Finally, Mizuho raised their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.52.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’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 transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock worth $6,168,581 over the last ninety days. Company insiders own 10.80% of the company’s stock.

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.