Berson & Corrado Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 842 shares of the e-commerce giant’s stock after purchasing an additional 60 shares during the period. Amazon.com comprises about 0.9% of Berson & Corrado Investment Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Berson & Corrado Investment Advisors LLC’s holdings in Amazon.com were worth $1,431,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of AMZN. Taylor Hoffman Wealth Management acquired a new stake in Amazon.com during the fourth quarter worth about $108,000. Santori & Peters Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $121,000. Lee Financial Co raised its stake in Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in Amazon.com during the first quarter worth about $145,000. Finally, University of Texas Investment Managment Co. acquired a new stake in Amazon.com during the fourth quarter worth about $164,000. 57.41% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $20,042,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 1,927 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total transaction of $3,661,222.92. Following the transaction, the senior vice president now owns 3,161 shares in the company, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. Insiders have sold 23,308 shares of company stock worth $43,942,058 in the last quarter. Company insiders own 16.30% of the company’s stock.
NASDAQ AMZN opened at $1,989.87 on Friday. Amazon.com, Inc. has a 12 month low of $931.75 and a 12 month high of $2,050.50. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The company has a market cap of $969.21 billion, a P/E ratio of 437.33, a P/E/G ratio of 4.14 and a beta of 1.60.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The business had revenue of $52.89 billion for the quarter, compared to analyst estimates of $53.37 billion. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue for the quarter was up 39.3% on a year-over-year basis. sell-side analysts predict that Amazon.com, Inc. will post 17.77 EPS for the current fiscal year.
Several research firms recently weighed in on AMZN. ValuEngine upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Monday. Wells Fargo & Co reiterated a “buy” rating and set a $2,300.00 price objective (up previously from $2,110.00) on shares of Amazon.com in a research note on Monday. Finally, Citigroup increased their price objective on shares of Amazon.com from $2,100.00 to $2,250.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $1,976.73.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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