Bernardo Wealth Planning LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,230 shares of the e-commerce giant’s stock after selling 47 shares during the period. Amazon.com comprises approximately 2.8% of Bernardo Wealth Planning LLC’s portfolio, making the stock its 6th largest holding. Bernardo Wealth Planning LLC’s holdings in Amazon.com were worth $3,871,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Enterprise Trust & Investment Co bought a new stake in Amazon.com in the second quarter worth $27,000. Phocas Financial Corp. bought a new stake in Amazon.com in the second quarter worth $45,000. Litman Gregory Asset Management LLC bought a new stake in Amazon.com in the second quarter worth $53,000. Financial Advantage Inc. lifted its stake in Amazon.com by 26.7% in the third quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after purchasing an additional 8 shares during the last quarter. Finally, Cerebellum GP LLC raised its stake in shares of Amazon.com by 18.0% during the third quarter. Cerebellum GP LLC now owns 59 shares of the e-commerce giant’s stock valued at $69,000 after acquiring an additional 9 shares during the last quarter. 55.60% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently commented on AMZN. Wells Fargo & Co upped their price objective on shares of Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Macquarie set a $2,200.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Mizuho upped their price objective on shares of Amazon.com from $2,150.00 to $2,200.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird set a $2,080.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $2,100.00 to $2,040.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $2,189.97.
Shares of NASDAQ AMZN opened at $1,785.88 on Friday. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. The company’s 50-day moving average is $1,759.09 and its 200 day moving average is $1,840.01. The stock has a market capitalization of $893.28 billion, a P/E ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.46 by ($0.23). The company had revenue of $69.98 billion for the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. Amazon.com’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.75 EPS. Research analysts anticipate that Amazon.com, Inc. will post 20.52 earnings per share for the current year.
In other Amazon.com news, VP Shelley Reynolds sold 379 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,775.43, for a total value of $672,887.97. Following the sale, the vice president now owns 6,307 shares in the company, valued at $11,197,637.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Indra K. Nooyi acquired 100 shares of the business’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the acquisition, the director now owns 250 shares of the company’s stock, valued at approximately $431,515. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 22,747 shares of company stock worth $40,737,808. Corporate insiders own 16.10% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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