CJM Wealth Advisers Ltd. Buys 556 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CJM Wealth Advisers Ltd. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,502 shares of the e-commerce giant’s stock after acquiring an additional 556 shares during the period. Amazon.com makes up 0.4% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 23rd biggest position. CJM Wealth Advisers Ltd.’s holdings in Amazon.com were worth $988,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. West Branch Capital LLC raised its position in Amazon.com by 3.6% in the 4th quarter. West Branch Capital LLC now owns 75,231 shares of the e-commerce giant’s stock worth $11,431,000 after purchasing an additional 2,606 shares during the period. Synergy Asset Management LLC raised its position in Amazon.com by 34.2% in the 4th quarter. Synergy Asset Management LLC now owns 121,022 shares of the e-commerce giant’s stock worth $18,388,000 after purchasing an additional 30,814 shares during the period. Meridian Financial Partners LLC raised its position in Amazon.com by 0.7% in the 4th quarter. Meridian Financial Partners LLC now owns 18,405 shares of the e-commerce giant’s stock worth $2,825,000 after purchasing an additional 120 shares during the period. New Potomac Partners LLC raised its position in Amazon.com by 20.6% in the 4th quarter. New Potomac Partners LLC now owns 11,293 shares of the e-commerce giant’s stock worth $1,716,000 after purchasing an additional 1,930 shares during the period. Finally, Flower City Capital raised its position in Amazon.com by 9.3% in the 4th quarter. Flower City Capital now owns 2,972 shares of the e-commerce giant’s stock worth $452,000 after purchasing an additional 252 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday. DA Davidson lifted their target price on shares of Amazon.com from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark boosted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. BMO Capital Markets started coverage on shares of Amazon.com in a research report on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $198.89.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $185.95 on Thursday. Amazon.com, Inc. has a fifty-two week low of $97.71 and a fifty-two week high of $187.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a fifty day moving average price of $175.45 and a 200 day moving average price of $154.35. The firm has a market cap of $1.93 trillion, a price-to-earnings ratio of 64.12, a P/E/G ratio of 1.61 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analyst estimates of $165.96 billion. During the same quarter last year, the business earned $0.21 earnings per share. Amazon.com’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the sale, the chief executive officer now owns 117,560 shares in the company, valued at approximately $17,960,816.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,874,846 over the last 90 days. 12.70% of the stock is owned by insiders.

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.