Berkshire Bank Cuts Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Berkshire Bank decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,684 shares of the e-commerce giant's stock after selling 1,738 shares during the quarter. Amazon.com comprises 1.7% of Berkshire Bank's portfolio, making the stock its 12th biggest holding. Berkshire Bank's holdings in Amazon.com were worth $6,789,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in AMZN. Cable Hill Partners LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after purchasing an additional 44 shares in the last quarter. Northern Capital Management Inc. lifted its holdings in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares in the last quarter. White Wing Wealth Management increased its position in shares of Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock worth $433,000 after purchasing an additional 47 shares in the last quarter. Balanced Wealth Group LLC grew its position in shares of Amazon.com by 1.6% in the fourth quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after purchasing an additional 48 shares in the last quarter. Finally, ETF Store Inc. boosted its holdings in Amazon.com by 2.1% in the 4th quarter. ETF Store Inc. now owns 2,378 shares of the e-commerce giant's stock valued at $522,000 after purchasing an additional 48 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.5%

Shares of AMZN stock opened at $223.13 on Friday. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The stock's fifty day moving average price is $206.44 and its two-hundred day moving average price is $208.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $2.37 trillion, a PE ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period last year, the firm posted $0.98 earnings per share. Amazon.com's revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Rosenblatt Securities upped their target price on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Westpark Capital reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Oppenheimer upped their price target on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Finally, Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $245.60.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 224,926 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $223.56, for a total transaction of $50,284,456.56. Following the completion of the transaction, the insider directly owned 905,454,975 shares in the company, valued at approximately $202,423,514,211. This represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,426,963 shares of company stock worth $757,297,707 in the last ninety days. Insiders own 9.70% 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.

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