Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Shum Financial Group Inc.

Shum Financial Group Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,466 shares of the e-commerce giant’s stock after purchasing an additional 377 shares during the period. Amazon.com comprises approximately 1.9% of Shum Financial Group Inc.’s portfolio, making the stock its 16th biggest holding. Shum Financial Group Inc.’s holdings in Amazon.com were worth $2,182,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the fourth quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter valued at $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter valued at $40,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $225.02 on Friday. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33. The stock has a 50 day moving average of $209.90 and a 200-day moving average of $208.63. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the transaction, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. The trade was a 22.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Oppenheimer increased their price objective on Amazon.com from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, June 20th. JMP Securities increased their price objective on Amazon.com from $250.00 to $285.00 and gave the company a “market outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Amazon.com from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $249.42.

About Amazon.com

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.