Schrum Private Wealth Management LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Schrum Private Wealth Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,014 shares of the e-commerce giant’s stock after buying an additional 328 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Amazon.com were worth $383,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. boosted its holdings in shares of Amazon.com by 2.1% in the 1st quarter. Bridgewater Advisors Inc. now owns 66,913 shares of the e-commerce giant’s stock worth $12,539,000 after purchasing an additional 1,356 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Amazon.com by 9.3% in the 1st quarter. Tectonic Advisors LLC now owns 17,377 shares of the e-commerce giant’s stock worth $3,306,000 after purchasing an additional 1,480 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in shares of Amazon.com by 1.0% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 261,171 shares of the e-commerce giant’s stock worth $49,690,000 after purchasing an additional 2,499 shares during the period. Grange Capital LLC boosted its holdings in shares of Amazon.com by 4.3% in the 1st quarter. Grange Capital LLC now owns 4,945 shares of the e-commerce giant’s stock worth $941,000 after purchasing an additional 202 shares during the period. Finally, Violich Capital Management Inc. boosted its holdings in shares of Amazon.com by 1.8% in the 1st quarter. Violich Capital Management Inc. now owns 71,055 shares of the e-commerce giant’s stock worth $13,519,000 after purchasing an additional 1,260 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 25,101,037 shares of company stock worth $5,674,726,368 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Monness Crespi & Hardt lifted their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Pivotal Research lifted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. BNP Paribas Exane raised Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target for the company in a research note on Friday, June 27th. Finally, Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Stock Performance

NASDAQ AMZN opened at $221.47 on Wednesday. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $220.25 and a 200 day moving average of $208.61.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.