Cascade Financial Partners LLC Acquires 16,075 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Cascade Financial Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 28.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,200 shares of the e-commerce giant’s stock after purchasing an additional 16,075 shares during the quarter. Amazon.com comprises about 1.9% of Cascade Financial Partners LLC’s portfolio, making the stock its 9th biggest position. Cascade Financial Partners LLC’s holdings in Amazon.com were worth $14,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth approximately $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after buying an additional 14,724,687 shares during the period. Swedbank AB acquired a new position in Amazon.com during the 1st quarter worth approximately $2,239,757,000. Capital World Investors raised its stake in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after buying an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors raised its stake in Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com stock opened at $187.97 on Friday. 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 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $178.92 and its 200 day simple moving average is $182.64. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 6,101,797 shares of company stock worth $1,220,129,922 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of research reports. Bank of America dropped their price target on Amazon.com from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Itau BBA Securities downgraded Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. Truist Financial upped their price target on Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday, September 23rd. Finally, JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $222.84.

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.