Cwm LLC reduces its stake in Amazon.com, Inc. (NASDAQ:AMZN)

According to the latest filing with the Securities and Exchange Commission, Cwm LLC decreased its stake in Amazon.com, Inc. shares. (NASDAQ:AMZN) up 2.2% in the first quarter. The institutional investor owned 1,174,789 shares of the e-commerce giant after selling 26,804 shares during the quarter. Amazon.com represents approximately 2.6% of Cwm LLC’s portfolio, making it the eighth largest. Cwm LLC’s holdings in Amazon.com were worth $211,909,000, according to its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their position in the industry. VERITY Wealth Advisors strengthened its position in Amazon.com shares by 15.6% during the first quarter. VERITY Wealth Advisors now owns 2,220 shares of the e-commerce giant’s stock valued at $400,000 after purchasing an additional 300 shares in the last quarter. SR Schill & Associates strengthened its position in shares of Amazon.com by 16.2% during the first quarter. SR Schill & Associates now owns 15,969 shares of the e-commerce giant’s stock valued at $2,881,000 after purchasing an additional 2,223 shares in the last quarter. Moody National Bank Trust strengthened its position in shares of Amazon.com by 0.9% during the first quarter. Moody National Bank Trust Division now owns 91,942 shares of the e-commerce giant’s stock valued at $16,584,000 after purchasing an additional 822 shares in the last quarter. Moseley Investment Management Inc. increased its position in Amazon.com shares by 10.2% in the first quarter. Moseley Investment Management Inc. now owns 48,212 shares of the e-commerce giant’s stock valued at $8,696,000 after purchasing an additional 4,463 shares in the last quarter. Finally, Advance Capital Management Inc. increased its shares in Amazon.com by 37.7% in the first quarter. Advance Capital Management Inc. now owns 11,796 shares of the e-commerce giant’s stock worth $2,128,000 after acquiring an additional 3,227 shares in the last quarter. Institutional investors and hedge funds hold 72.20% of the company’s shares.

Changes in analyst ratings

AMZN has been the subject of numerous reports from research analysts. The Goldman Sachs Group increased their target price on Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group raised their price target on Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Benchmark maintained a “buy” rating and issued a $200.00 price target for shares of Amazon.com in a research note on Wednesday, May 1. Argus increased their price target on Amazon.com from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Truist Financial increased their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the company with a hold rating, forty-three have issued a buy rating to the company and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $213.82.

Check out our latest report on AMZN

Insider buying and selling on Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29 for a total value of $620,515.00. Following the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $181.44, for a total transaction amount of $3,771,048.96. Following the sale, the CEO now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available at this link. Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction amount of $620,515.00. Following the sale, the CEO now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The announcement of this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock worth $11,894,344. Corporate insiders own 10.80% of the company’s shares.

Amazon.com stock performance

AMZN stock opened Thursday at $182.81. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt to equity ratio of 0.27. The company has a fifty-day moving average price of $182.78 and a 200-day moving average price of $170.96. The company has a market capitalization of $1.90 trillion, a P/E ratio of 51.21, a PEG ratio of 1.32 and a beta of 1.14. Amazon.com, Inc. it has a 12 month low of $118.35 and a 12 month high of $191.70.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported EPS of $0.98 for the quarter, $0.15 above the analyst consensus of $0.83. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter last year, the company reported earnings per share of $0.31. The company’s revenues increased by 12.5% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will report 4.72 earnings per share for the current financial year.

Amazon.com profile

(free report)

Amazon.com, Inc. retails consumer products, advertising and subscription services through online and physical stores in North America and abroad. The company operates in three segments: North America, International and Amazon Web Services (AWS). It also manufactures and sells electronic devices including Kindle, Fire tablets, Fire TV, Echo, Ring, Blink and eero; and develops and produces media content.

Changes in analyst ratings

Insider buying and selling on Amazon.com

Amazon.com stock performance

Amazon.com profile

Further reading