Bernardo Wealth Planning LLC Has $3.17 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Bernardo Wealth Planning LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,883 shares of the e-commerce giant's stock after acquiring an additional 2,470 shares during the quarter. Amazon.com comprises about 0.8% of Bernardo Wealth Planning LLC's investment portfolio, making the stock its 25th biggest holding. Bernardo Wealth Planning LLC's holdings in Amazon.com were worth $3,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Madison Park Capital Advisors LLC raised its position in Amazon.com by 3.4% in the third quarter. Madison Park Capital Advisors LLC now owns 9,036 shares of the e-commerce giant's stock worth $1,684,000 after acquiring an additional 300 shares in the last quarter. Werba Rubin Papier Wealth Management raised its position in Amazon.com by 11.2% in the third quarter. Werba Rubin Papier Wealth Management now owns 18,959 shares of the e-commerce giant's stock worth $3,533,000 after acquiring an additional 1,914 shares in the last quarter. CNB Bank raised its position in Amazon.com by 4.9% in the third quarter. CNB Bank now owns 43,426 shares of the e-commerce giant's stock worth $8,092,000 after acquiring an additional 2,011 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in Amazon.com by 4.5% in the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 55,358 shares of the e-commerce giant's stock worth $10,315,000 after acquiring an additional 2,402 shares in the last quarter. Finally, Cedrus LLC raised its holdings in Amazon.com by 6.2% during the 3rd quarter. Cedrus LLC now owns 11,811 shares of the e-commerce giant's stock worth $2,201,000 after buying an additional 694 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.8 %

Shares of NASDAQ AMZN opened at $202.88 on Thursday. The stock has a market cap of $2.13 trillion, a PE ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The business has a fifty day moving average of $192.56 and a two-hundred day moving average of $186.18. Amazon.com, Inc. has a 52-week low of $141.50 and a 52-week high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same period last year, the business earned $0.85 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMZN shares. Susquehanna boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Oppenheimer boosted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wedbush boosted their price objective on Amazon.com from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JMP Securities boosted their price objective on Amazon.com from $265.00 to $285.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Finally, Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $235.77.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,011,423 shares of company stock worth $1,249,093,896. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company 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.