RS Crum Inc. Buys 65 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RS Crum Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,830 shares of the e-commerce giant’s stock after buying an additional 65 shares during the quarter. Amazon.com comprises 1.8% of RS Crum Inc.’s investment portfolio, making the stock its 13th largest position. RS Crum Inc.’s holdings in Amazon.com were worth $7,794,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Hardy Reed LLC raised its position in shares of Amazon.com by 0.7% in the 3rd quarter. Hardy Reed LLC now owns 31,781 shares of the e-commerce giant’s stock worth $5,922,000 after acquiring an additional 235 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in Amazon.com by 15.5% in the third quarter. Baldwin Investment Management LLC now owns 42,135 shares of the e-commerce giant’s stock worth $7,851,000 after purchasing an additional 5,650 shares in the last quarter. Carlson Capital Management lifted its position in Amazon.com by 2.0% during the 3rd quarter. Carlson Capital Management now owns 9,468 shares of the e-commerce giant’s stock valued at $1,764,000 after acquiring an additional 190 shares during the period. M.D. Sass LLC increased its stake in shares of Amazon.com by 4.9% during the third quarter. M.D. Sass LLC now owns 43,165 shares of the e-commerce giant’s stock valued at $8,043,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Amazon.com during the third quarter valued at approximately $5,572,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMZN shares. Scotiabank upped their price target 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. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Maxim Group boosted their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Price Performance

NASDAQ:AMZN opened at $227.61 on Tuesday. The firm has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.74, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50 day simple moving average of $213.85 and a 200-day simple moving average of $194.50. Amazon.com, Inc. has a 1 year low of $146.15 and a 1 year high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

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

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

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.