Berger Financial Group Inc Sells 1,626 Shares of Amazon.com, Inc. $AMZN

Key Points

• Berger Financial Group Inc sold 1,626 shares of Amazon.com, Inc., reducing its ownership by 1.7% during the second quarter, now holding 94,815 shares valued at approximately $20.8 million.
• Analysts have set a consensus price target of $267.27 for Amazon.com, with multiple firms giving the stock "buy" or "outperform" ratings, indicating a positive outlook.
• Insider activity includes a notable sale of 2.64 million shares by former CEO Jeffrey Bezos, totaling over $609 million, marking a 0.30% decrease in his holdings.

Berger Financial Group Inc decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,815 shares of the e-commerce giant's stock after selling 1,626 shares during the period. Amazon.com accounts for 1.3% of Berger Financial Group Inc's portfolio, making the stock its 13th largest position. Berger Financial Group Inc's holdings in Amazon.com were worth $20,801,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 95 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AMZN shares. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. HSBC raised their price target on Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Robert W. Baird raised their price target on Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. BMO Capital Markets raised their price target on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Mizuho set a $300.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target of $267.27.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,643,142 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,741,053 shares of company stock worth $630,824,413. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Up 2.6%

NASDAQ AMZN opened at $222.03 on Wednesday. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.43 and a beta of 1.28. The stock's 50 day moving average price is $225.57 and its two-hundred day moving average price is $213.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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