Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by CCM Investment Advisers LLC

CCM Investment Advisers LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,014 shares of the e-commerce giant’s stock after buying an additional 14,510 shares during the period. Amazon.com makes up approximately 2.4% of CCM Investment Advisers LLC’s holdings, making the stock its 5th largest position. CCM Investment Advisers LLC’s holdings in Amazon.com were worth $17,251,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AMZN. Kavar Capital Partners Group LLC lifted its position in shares of Amazon.com by 7.6% during the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the period. Ironwood Wealth Management LLC. lifted its position in shares of Amazon.com by 0.8% during the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the period. Markel Corp lifted its position in shares of Amazon.com by 0.6% during the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the period. Finally, Leelyn Smith LLC lifted its position in shares of Amazon.com by 24.8% during the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 57.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. JMP Securities lifted their price target on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Piper Sandler raised their price objective on shares of Amazon.com from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, August 24th. Wedbush began coverage on shares of Amazon.com in a research note on Tuesday, August 22nd. They set an “outperform” rating and a $180.00 price objective for the company. Mizuho raised their price objective on shares of Amazon.com from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley raised their price objective on shares of Amazon.com from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.22.

Amazon.com Stock Performance

Shares of AMZN stock opened at $141.23 on Wednesday. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $143.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.95 and a quick ratio of 0.70. The firm has a market capitalization of $1.46 trillion, a P/E ratio of 111.20, a P/E/G ratio of 1.83 and a beta of 1.24. The company’s fifty day moving average price is $134.24 and its two-hundred day moving average price is $118.37.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a net margin of 2.43% and a return on equity of 9.14%. The firm had revenue of $134.38 billion for the quarter, compared to analyst estimates of $131.54 billion. On average, research analysts anticipate that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the transaction, the chief executive officer now owns 564,301 shares in the company, valued at approximately $73,883,929.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $130.93, for a total value of $523,720.00. Following the sale, the chief executive officer now owns 564,301 shares in the company, valued at approximately $73,883,929.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 50,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the completion of the sale, the chief executive officer now owns 510,301 shares in the company, valued at approximately $71,952,441. The disclosure for this sale can be found here. Insiders have sold 1,365,829 shares of company stock worth $49,002,857 in the last quarter. 12.30% of the stock is owned by corporate insiders.

Amazon.com Profile

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