Chris Bulman Inc Has $378,000 Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Chris Bulman Inc increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 46.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,029 shares of the e-commerce giant’s stock after buying an additional 644 shares during the quarter. Chris Bulman Inc’s holdings in Amazon.com were worth $378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Swedbank AB acquired a new stake in Amazon.com in the first quarter valued at $2,239,757,000. Capital World Investors lifted its stake in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. Capital Research Global Investors grew its position in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Amazon.com by 13,606.7% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 2.2 %

Shares of NASDAQ:AMZN opened at $201.45 on Tuesday. The firm has a market cap of $2.12 trillion, a P/E ratio of 43.14, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The business’s 50 day simple moving average is $193.33 and its two-hundred day simple moving average is $186.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm posted $0.85 EPS. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on AMZN shares. Bank of America lifted their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a report on Friday, August 2nd. Scotiabank increased their target price on Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 1st. Barclays boosted their price target on Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Truist Financial boosted their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.77.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,766 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now directly owns 94,630 shares in the company, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,026,683 shares of company stock worth $1,252,148,795 over the last 90 days. 10.80% of the stock is currently owned by corporate 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.