CFM Wealth Partners LLC Has $10.66 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CFM Wealth Partners LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,860.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,372 shares of the e-commerce giant’s stock after buying an additional 95,252 shares during the quarter. Amazon.com accounts for about 3.2% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 6th largest position. CFM Wealth Partners LLC’s holdings in Amazon.com were worth $10,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BTR Capital Management Inc. lifted its position in shares of Amazon.com by 1,753.2% during the 2nd quarter. BTR Capital Management Inc. now owns 6,060 shares of the e-commerce giant’s stock worth $644,000 after buying an additional 5,733 shares during the period. Piscataqua Savings Bank increased its holdings in Amazon.com by 1,845.2% during the 2nd quarter. Piscataqua Savings Bank now owns 15,620 shares of the e-commerce giant’s stock valued at $1,659,000 after purchasing an additional 14,817 shares in the last quarter. Riverbridge Partners LLC increased its holdings in Amazon.com by 1,940.0% during the 2nd quarter. Riverbridge Partners LLC now owns 767,599 shares of the e-commerce giant’s stock valued at $81,527,000 after purchasing an additional 729,971 shares in the last quarter. Planning Center Inc. increased its holdings in Amazon.com by 1,924.2% during the 2nd quarter. Planning Center Inc. now owns 11,052 shares of the e-commerce giant’s stock valued at $1,264,000 after purchasing an additional 10,506 shares in the last quarter. Finally, BMS Financial Advisors LLC increased its holdings in Amazon.com by 2,133.6% during the 2nd quarter. BMS Financial Advisors LLC now owns 2,993 shares of the e-commerce giant’s stock valued at $318,000 after purchasing an additional 2,859 shares in the last quarter. Institutional investors own 57.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Credit Suisse Group dropped their price target on Amazon.com from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. Piper Sandler raised their price target on Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Robert W. Baird reaffirmed an “outperform” rating and set a $150.00 price target on shares of Amazon.com in a report on Wednesday, September 7th. Canaccord Genuity Group lifted their target price on Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Finally, StockNews.com raised Amazon.com from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $117.31 on Friday. The firm has a market cap of $1.20 trillion, a price-to-earnings ratio of 105.16, a price-to-earnings-growth ratio of 5.45 and a beta of 1.33. The stock’s 50-day moving average is $130.33 and its 200-day moving average is $130.17. Amazon.com, Inc. has a one year low of $101.26 and a one year high of $188.11. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The firm had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares in the company, valued at $14,741,102.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Andrew R. Jassy sold 23,620 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $142.29, for a total transaction of $3,360,889.80. Following the sale, the chief executive officer now owns 1,892,000 shares in the company, valued at $269,212,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares in the company, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,628 shares of company stock worth $9,802,599. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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