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CFM Wealth Partners LLC Acquires 2,491 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com logo with Retail/Wholesale background

CFM Wealth Partners LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,340 shares of the e-commerce giant's stock after purchasing an additional 2,491 shares during the quarter. Amazon.com makes up approximately 3.5% of CFM Wealth Partners LLC's holdings, making the stock its 4th biggest holding. CFM Wealth Partners LLC's holdings in Amazon.com were worth $20,042,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after acquiring an additional 80 shares during the period. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The shares were 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 approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 25,102,037 shares of company stock valued at $5,674,871,223. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

AMZN traded down $0.79 during trading on Friday, hitting $231.44. The stock had a trading volume of 28,649,591 shares, compared to its average volume of 40,402,120. The firm has a market cap of $2.46 trillion, a PE ratio of 37.69, a P/E/G ratio of 1.72 and a beta of 1.33. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $215.66 and a 200-day simple moving average of $208.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMZN. JMP Securities upped their target price on shares of Amazon.com from $250.00 to $285.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 10th. Raymond James Financial restated an "outperform" rating and issued a $195.00 target price (down previously from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Cantor Fitzgerald upped their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada decreased their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.33.

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Amazon.com Profile

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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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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