CFO4Life Group LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Key Points

• CFO4Life Group LLC increased its stake in Amazon by 2.4% to a total of 59,479 shares, making the stock its 11th largest holding, valued at approximately $11.3 million.
• Analysts are optimistic about Amazon.com, with multiple firms raising their target prices, resulting in an average consensus target price of $262.45 and a majority of analysts rating the stock as a "buy".
• Insider sales have occurred recently, including substantial transactions by Jeff Bezos and CEO Douglas J. Herrington, with Bezos selling over $609 million worth of shares.

CFO4Life Group LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,479 shares of the e-commerce giant's stock after buying an additional 1,402 shares during the period. Amazon.com makes up approximately 1.9% of CFO4Life Group LLC's holdings, making the stock its 11th largest holding. CFO4Life Group LLC's holdings in Amazon.com were worth $11,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the fourth quarter worth $25,000. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter worth $35,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $40,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMZN shares. Tigress Financial increased their target price on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research note on Monday, July 28th. Monness Crespi & Hardt increased their price target on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price target on Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $213.75 on Wednesday. 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 $218.57 and its 200-day moving average price is $208.96. The firm has a market capitalization of $2.28 trillion, a PE ratio of 32.58, a P/E/G ratio of 1.45 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $158.54 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The business's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company's stock, valued at $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total value of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. This represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,102,037 shares of company stock worth $5,674,937,048 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

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.

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