Carter Financial Group INC. Buys Shares of 9,083 Amazon.com, Inc. $AMZN

Carter Financial Group INC. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,083 shares of the e-commerce giant’s stock, valued at approximately $1,993,000. Amazon.com comprises about 1.3% of Carter Financial Group INC.’s investment portfolio, making the stock its 17th largest position.

Other hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter worth $27,000. Maryland Capital Advisors Inc. lifted its holdings 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 2nd quarter valued at about $48,000. Cooksen Wealth LLC grew its position in Amazon.com by 23.5% in the 2nd 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 in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Amazon.com during the 1st quarter valued at about $59,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $226.19 on Monday. The company has a 50-day moving average of $229.35 and a two-hundred day moving average of $225.01. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 31.95, a PEG ratio of 1.56 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, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 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 during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Arete Research upped their price target on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Barclays restated an “overweight” rating and issued a $300.00 target price (up from $275.00) on shares of Amazon.com in a research report on Friday, October 31st. Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, December 3rd. DZ Bank reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. Finally, Pivotal Research boosted their price target on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $295.43.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 82,234 shares of company stock valued at $19,076,767. 10.80% of the stock is currently owned by company insiders.

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.