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

CFM Wealth Partners LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,849 shares of the e-commerce giant’s stock after purchasing an additional 1,720 shares during the period. Amazon.com accounts for 3.8% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest holding. CFM Wealth Partners LLC’s holdings in Amazon.com were worth $22,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MBM Wealth Consultants LLC boosted its stake in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after buying an additional 48 shares during the period. Semus Wealth Partners LLC raised its position in Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc increased its position in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares during the last quarter. Eaton Cambridge Inc. lifted its holdings in Amazon.com by 1.1% during the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock worth $994,000 after buying an additional 51 shares during the last quarter. Finally, Proathlete Wealth Management LLC boosted its holdings in Amazon.com by 0.4% in the fourth quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock valued at $2,820,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,149 shares of company stock worth $24,606,905. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen raised their price target on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Oppenheimer raised their price objective on shares of Amazon.com from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.65.

Amazon.com Trading Up 0.0 %

Shares of Amazon.com stock opened at $212.80 on Wednesday. The stock has a market cap of $2.26 trillion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The firm has a fifty day moving average price of $227.11 and a 200 day moving average price of $205.20. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.