CFM Wealth Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,205 shares of the e-commerce giant’s stock after acquiring an additional 2,865 shares during the quarter. Amazon.com accounts for about 3.8% of CFM Wealth Partners LLC’s holdings, making the stock its 4th largest position. CFM Wealth Partners LLC’s holdings in Amazon.com were worth $23,739,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC raised its holdings in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Nuveen LLC acquired a new stake in shares of Amazon.com during the first quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. raised its holdings in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Finally, Amundi grew its position in Amazon.com by 15.1% during the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after purchasing an additional 7,267,277 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Amazon.com Price Performance
NASDAQ:AMZN opened at $224.21 on Friday. The stock has a market cap of $2.39 trillion, a P/E ratio of 34.18, a PEG ratio of 1.46 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a fifty day moving average price of $225.10 and a 200 day moving average price of $213.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.
Analyst Ratings Changes
A number of brokerages recently commented on AMZN. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler boosted their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $268.69.
Check Out Our Latest Analysis on Amazon.com
Insider Activity
In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,911 shares of company stock worth $21,765,202. 9.70% of the stock is currently owned by insiders.
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.
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