Amazon.com, Inc. $AMZN is CCM Investment Advisers LLC's 4th Largest Position

Key Points

• CCM Investment Advisers LLC increased its stake in Amazon.com, Inc. by 1.2%, making it the firm's 4th largest holding, valued at approximately $31.1 million.
• Amazon reported $1.68 earnings per share (EPS) for the last quarter, significantly surpassing analysts' expectations of $1.31, alongside a year-over-year revenue increase of 13.3%.
• Despite positive financial results, shares of Amazon are currently trading down by 1.3%, with a market capitalization of $2.34 trillion.

CCM Investment Advisers LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,785 shares of the e-commerce giant's stock after buying an additional 1,729 shares during the quarter. Amazon.com comprises about 3.4% of CCM Investment Advisers LLC's investment portfolio, making the stock its 4th largest holding. CCM Investment Advisers LLC's holdings in Amazon.com were worth $31,106,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Western Wealth Management LLC increased its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC increased its holdings in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock valued at $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $514,000. Border to Coast Pensions Partnership Ltd increased its holdings in shares of Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock valued at $249,295,000 after acquiring an additional 63,924 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 2,145 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.3%

Shares of NASDAQ:AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The business's 50 day moving average price is $226.55 and its 200-day moving average price is $211.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The business's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Citizens Jmp initiated coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a "strong-buy" rating on the stock. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. BNP Paribas Exane upgraded shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $266.26.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 20,845,122 shares of company stock worth $4,731,747,929. Company insiders own 9.70% of the company's stock.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.