Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by CFM Wealth Partners LLC

CFM Wealth Partners LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,678 shares of the e-commerce giant’s stock after selling 2,543 shares during the period. Amazon.com accounts for about 3.7% of CFM Wealth Partners LLC’s holdings, making the stock its 5th largest holding. CFM Wealth Partners LLC’s holdings in Amazon.com were worth $17,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capstone Wealth Management Group LLC boosted its holdings in Amazon.com by 0.4% in the third quarter. Capstone Wealth Management Group LLC now owns 20,872 shares of the e-commerce giant’s stock valued at $3,889,000 after purchasing an additional 80 shares in the last quarter. Braun Bostich & Associates Inc. grew its position in shares of Amazon.com by 6.2% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 5,557 shares of the e-commerce giant’s stock valued at $1,035,000 after buying an additional 325 shares during the last quarter. AFG Fiduciary Services Limited Partnership raised its stake in Amazon.com by 2.1% during the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 32,177 shares of the e-commerce giant’s stock worth $6,076,000 after acquiring an additional 649 shares in the last quarter. EdgeRock Capital LLC acquired a new position in Amazon.com in the third quarter valued at $2,029,000. Finally, Kapitalo Investimentos Ltda increased its position in shares of Amazon.com by 489.8% during the third quarter. Kapitalo Investimentos Ltda now owns 82,544 shares of the e-commerce giant’s stock worth $15,380,000 after purchasing an additional 68,549 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group raised their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Robert W. Baird raised their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a research note on Friday, August 2nd. Finally, TD Cowen increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $235.45.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,053,349 shares of company stock valued at $1,256,503,289 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $211.48 on Friday. The stock has a 50-day moving average price of $189.87 and a two-hundred day moving average price of $185.36. The company has a market cap of $2.22 trillion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 12-month low of $139.52 and a 12-month high of $215.90.

Amazon.com (NASDAQ:AMZN) last issued its 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. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business 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 business earned $0.85 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current year.

Amazon.com Company 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.