Cim LLC buys new position in Amazon.com, Inc. (NASDAQ:AMZN)

Cim LLC has purchased new shares of Amazon.com, Inc., according to its latest Form 13F filing with the SEC. (NASDAQ:AMZN) in the fourth quarter. The institutional investor bought 104,102 shares of the e-commerce giant’s stock worth approximately $15,817,000. Amazon.com constitutes approximately 2.7% of Cim LLC’s investment portfolio, making it the 16th largest company.

Several other large investors have also recently made changes to their positions in AMZN. TKG Advisors LLC increased its holdings in Amazon.com by 86.2% during the fourth quarter. TKG Advisors LLC now owns 7,113 shares of the e-commerce giant’s stock valued at $1,081,000 after acquiring an additional 3,293 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Amazon.com by 4.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 104,435 shares of the e-commerce giant’s stock worth $16,383,000 after acquiring an additional 4,189 shares in the last quarter. Beacon Financial Group increased its holdings in shares of Amazon.com by 7.5% during the fourth quarter. Beacon Financial Group now owns 21,861 shares of the e-commerce giant’s stock valued at $3,322,000 after purchasing an additional 1,521 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in shares of Amazon.com by 1.5% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 26,220 shares of the e-commerce giant’s stock valued at US$3,984,000 after purchasing an additional 400 shares in the last quarter. Finally, Peterson Wealth Management increased its holdings in shares of Amazon.com by 2.1% in the fourth quarter. Peterson Wealth Management now owns 17,761 shares of the e-commerce giant’s stock worth $2,699,000 after purchasing an additional 371 shares in the last quarter. 72.20% of the shares are held by institutional investors and hedge funds.

Insider buying and selling on Amazon.com

In other Amazon.com news, Executive Vice President Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. In related news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred 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 completion of the transaction, the CEO now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The announcement of this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the shares are owned by company insiders.

Wall Street analysts predict growth

Many stock analysts have recently published reports on the company. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley increased their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. DA Davidson affirmed a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, April 18th. Finally, Wells Fargo & Company upped their price target on Amazon.com from $217.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. One analyst rated the stock with a hold rating, forty-three gave it a buy rating and one gave it a strong buy rating. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average price target of $213.82.

Download our latest research report on Amazon.com

Amazon.com pricing performance

Amazon.com shares opened on Friday at $183.66. Amazon.com, Inc. it has a twelve month low of $118.35 and a twelve month high of $191.70. The stock has a market capitalization of $1.91 trillion, a P/E ratio of 51.45, a PEG ratio of 1.32, and a beta of 1.14. 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’s fifty-day moving average price is $182.92 and its 200-day moving average price is $170.19.

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

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.

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