Cullinan Associates Inc. buys 24,753 shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cullinan Associates Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report ) by 17.6% in the 1st quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund held 165,352 shares of the e-commerce giant after purchasing an additional 24,753 shares during the quarter. Amazon.com makes up about 1.7% of Cullinan Associates Inc.’s stake, making it the 12th-largest stock. Cullinan Associates Inc.’s stake in Amazon.com was worth $29,826,000 at the end of the last reporting period.

Several other major investors also recently bought and sold AMZN shares. Shoker Investment Counsel Inc. increased its position in Amazon.com shares by 1.7% in the third quarter. Shoker Investment Counsel Inc. now owns 31,282 shares of the e-commerce giant’s stock worth $3,977,000 after acquiring an additional 521 shares in the last quarter. Seven Mile Advisory increased its position in Amazon.com shares by 19.3% in the third quarter. Seven Mile Advisory now owns 26,845 shares of the e-commerce giant’s stock worth $3,413,000 after acquiring an additional 4,342 shares in the last quarter. Ruffer LLP increased its position in Amazon.com shares by 3.6% in the third quarter. Ruffer LLP now owns 817,694 shares of the e-commerce giant’s stock worth $102,959,000 after acquiring an additional 28,114 shares during the last quarter. Roundview Capital LLC increased its position in shares of Amazon.com by 0.7% in the third quarter. Roundview Capital LLC now owns 156,044 shares of the e-commerce giant’s stock worth $19,836,000 after acquiring an additional 1,129 shares during the last quarter. Finally, Rench Wealth Management Inc. increased its position in shares of Amazon.com by 1.6% in the third quarter. Rench Wealth Management Inc. now owns 43,422 shares of the e-commerce giant’s stock worth $5,520,000 after acquiring an additional 665 shares during the last quarter. 72.20% of the shares are currently owned by institutional investors.

Internal Activity at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction dated Friday, July 5. The shares were sold at an average price of $200.07, for a total value of $617,239,158.12. Following the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the CEO now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a filing with the SEC, which is available at this link . Additionally, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction on Friday, July 5. The shares were sold at an average price of $200.07, for a total transaction value of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares of the company’s stock, valued at approximately $186,450,290,169.39. Disclosure of this sale can be found here . Over the last quarter, insiders sold 5,847,094 shares of the company’s stock, valued at $1,169,058,874. Company insiders own 10.80% of the company’s stock.

Wall Street analysts assess

Several brokerage firms recently issued reports on AMZN. Mizuho raised their price target for Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Wedbush reiterated an “outperform” rating and gave the stock a $225.00 price target in a report on Wednesday, May 1. Goldman Sachs Group raised their price target for Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, May 1. Tigress Financial raised the price target for Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30. Finally, Bank of America raised their price target on Amazon.com from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, June 26. One investment analyst rated the stock a “hold,” forty-two gave a “buy” rating, and one gave the stock a “strong buy” rating. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $216.30.

See our latest report on AMZN

Amazon.com revenue growth of 0.0%

Amazon.com shares opened at $199.34 on Wednesday. The company’s 50-day moving average price is $186.84 and its 200-day moving average price is $175.58. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 55.84, a PEG ratio of 1.43 and a beta of 1.15. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The company has a current ratio of 1.07, a current ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% ​​compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equity analysts, on average, expect Amazon.com, Inc. to post earnings of 4.72 per share for the current fiscal year.

About Amazon.com

(Free report)

Amazon.com, Inc. is a consumer products retailer, advertising, and subscription service through online and physical stores in North America and internationally. The company operates in three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink, and eero; and develops and produces multimedia content.

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