Cumberland Partners Ltd Acquires 2,462 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cumberland Partners Ltd raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,888 shares of the e-commerce giant's stock after acquiring an additional 2,462 shares during the quarter. Amazon.com makes up 2.4% of Cumberland Partners Ltd's investment portfolio, making the stock its 14th largest holding. Cumberland Partners Ltd's holdings in Amazon.com were worth $34,078,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. PayPay Securities Corp increased its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com in the third quarter worth approximately $45,000. Christopher J. Hasenberg Inc increased its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Amazon.com from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a report on Friday, November 1st. Bank of America boosted their target price on Amazon.com from $210.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Tigress Financial boosted their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $243.00.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,034,534 shares of company stock worth $1,253,883,872. Insiders own 10.80% of the company's stock.

Amazon.com Trading Up 0.6 %

AMZN stock traded up $1.38 during trading on Monday, hitting $226.30. The company had a trading volume of 9,827,518 shares, compared to its average volume of 41,290,434. The stock has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.46, a PEG ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $205.83 and a 200-day moving average price of $191.38. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 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 company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 5.29 earnings per share for the current 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.