Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Trimmed by CFM Wealth Partners LLC

CFM Wealth Partners LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,678 shares of the e-commerce giant's stock after selling 2,543 shares during the quarter. Amazon.com accounts for about 3.7% of CFM Wealth Partners LLC's investment portfolio, making the stock its 5th biggest holding. CFM Wealth Partners LLC's holdings in Amazon.com were worth $17,980,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMZN. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new stake in Amazon.com in the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the first quarter worth $69,000. Finally, Innealta Capital LLC bought a new position in Amazon.com in the 2nd quarter worth $77,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This represents a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at approximately $8,820,000. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 4.2 %

Shares of NASDAQ AMZN traded down $8.87 during midday trading on Friday, reaching $202.61. 86,420,706 shares of the company's stock traded hands, compared to its average volume of 41,630,348. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.93, a P/E/G ratio of 1.44 and a beta of 1.14. The stock's 50 day simple moving average is $190.54 and its 200-day simple moving average is $185.54. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a one year low of $139.52 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. JMP Securities increased their price objective on shares of Amazon.com from $265.00 to $285.00 and gave the company a "market outperform" rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on shares of Amazon.com from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price target on shares of Amazon.com from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday. Pivotal Research initiated coverage on shares of Amazon.com in a report on Friday, October 11th. They set a "buy" rating and a $260.00 price objective for the company. Finally, Susquehanna lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $235.45.

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.