Shum Financial Group Inc. Makes New Investment in Amazon.com, Inc. $AMZN

Shum Financial Group Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, Holdings Channel.com reports. The fund bought 11,553 shares of the e-commerce giant’s stock, valued at approximately $2,537,000. Amazon.com accounts for approximately 1.9% of Shum Financial Group Inc.’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. grew its stake in Amazon.com by 81.9% in 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. Ryan Investment Management Inc. bought a new position in Amazon.com in the second quarter worth $48,000. Cooksen Wealth LLC lifted its position in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after buying an additional 47 shares during the period. Finally, Access Investment Management LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at $74,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director directly owned 7,170 shares of the company’s stock, valued at $1,670,610. This represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the sale, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at $117,993,927.48. The trade was a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 79,734 shares of company stock valued at $18,534,017 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a research report on Monday, December 29th. HSBC lifted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Cantor Fitzgerald set a $260.00 price objective on Amazon.com and gave the company an “overweight” rating in a research note on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.23.

View Our Latest Stock Report on AMZN

Amazon.com Trading Up 0.4%

Amazon.com stock opened at $247.38 on Friday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The business’s fifty day moving average is $233.22 and its 200 day moving average is $227.83. The stock has a market capitalization of $2.64 trillion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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