CFM Wealth Partners LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

CFM Wealth Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the first quarter, according to the company’s latest SEC filing. The fund held 99,877 shares of the e-commerce giant after purchasing an additional 2,191 shares during the quarter. Amazon.com makes up about 3.6% of CFM Wealth Partners LLC’s stake, making it the 6th largest stock. CFM Wealth Partners LLC’s stake in Amazon.com was worth $18,016,000 at the end of the last reporting period.

Several other major investors also made changes to their positions in AMZN. Montag A & Associates Inc. increased its holdings in Amazon.com by 13.4% in the third quarter. Montag A & Associates Inc. now owns 171,891 shares of the e-commerce giant’s stock worth $21,851,000 after acquiring an additional 20,358 shares in the last quarter. Fiera Capital Corp increased its holdings in Amazon.com by 6.7% in the third quarter. Fiera Capital Corp now owns 232,452 shares of the e-commerce giant’s stock worth $29,549,000 after acquiring an additional 14,604 shares in the last quarter. City of London Investment Management Co. Ltd. increased its holdings in Amazon.com by 118.7% in the third quarter. City of London Investment Management Co. Ltd. now owns 25,315 shares of the e-commerce giant’s stock worth $3,218,000 after acquiring an additional 13,740 shares during the last quarter. Lee Financial Co increased its holdings in Amazon.com by 6.4% in the third quarter. Lee Financial Co now owns 5,805 shares of the e-commerce giant’s stock worth $738,000 after acquiring an additional 347 shares in the last quarter. Finally, Curran Financial Partners LLC increased its holdings in Amazon.com by 13.1% in the third quarter. Curran Financial Partners LLC now owns 6,347 shares of the e-commerce giant’s stock worth $807,000 after acquiring an additional 736 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $193.25 on Friday. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. The low of Amazon.com, Inc. stock in last twelve months was $118.35 and a high of $199.84. The company’s 50 day moving average was $183.87 and its 200 day moving average was $173.11. The company’s current ratio is 0.87, the current ratio is 1.07 and the debt to equity ratio is 0.27.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue increased 12.5% year-over-year. During the same period last year, the company earned $0.31 per share. Equity research analysts forecast that Amazon.com, Inc. will post $4.72 per share for the current fiscal year.

Internal Activity at Amazon.com

In related news, on Thursday, May 9th, Director Jonathan Rubinstein sold 5,264 shares of the company’s stock in a transaction. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be found at this link . In related news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the CEO now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link . Additionally, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9. The shares were sold at an average price of $190.00, for a total transaction value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. An announcement regarding the sale can be found here . Over the past three months, insiders have sold 65,338 shares of the company’s stock, valued at $11,894,344. Corporate insiders own 10.80% of the stock.

Analysts set new price targets

Several brokerage firms have commented on AMZN. Raymond James raised their price target on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong buy” rating in a report on Wednesday, May 1. Monness Crespi & Hardt raised their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1. BMO Capital Markets raised their price target on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1. One analyst rated the stock a “hold,” forty-three gave the stock a “buy” rating, and one gave the stock a “strong buy” rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $215.86.

Check out our latest stock analysis on AMZN

Amazon.com company 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.

Amazon.com Price Performance

Internal Activity at Amazon.com

Analysts set new price targets

Amazon.com company profile

Further reading