Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Decreased by CJM Wealth Advisers Ltd.

CJM Wealth Advisers Ltd. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,929 shares of the e-commerce giant’s stock after selling 49 shares during the quarter. Amazon.com comprises 0.5% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 19th largest holding. CJM Wealth Advisers Ltd.’s holdings in Amazon.com were worth $1,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. raised its holdings in shares of Amazon.com by 15.1% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 40,500 shares of the e-commerce giant’s stock valued at $7,827,000 after purchasing an additional 5,300 shares in the last quarter. FAS Wealth Partners Inc. raised its stake in shares of Amazon.com by 2.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 64,381 shares of the e-commerce giant’s stock valued at $12,442,000 after acquiring an additional 1,592 shares in the last quarter. Blue Chip Partners LLC lifted its holdings in Amazon.com by 7.2% in the 2nd quarter. Blue Chip Partners LLC now owns 116,953 shares of the e-commerce giant’s stock worth $22,601,000 after purchasing an additional 7,858 shares during the last quarter. Coerente Capital Management boosted its position in Amazon.com by 1.3% during the second quarter. Coerente Capital Management now owns 128,617 shares of the e-commerce giant’s stock worth $24,855,000 after purchasing an additional 1,643 shares during the period. Finally, AM Investment Strategies LLC grew its holdings in Amazon.com by 1.0% during the second quarter. AM Investment Strategies LLC now owns 279,500 shares of the e-commerce giant’s stock valued at $54,013,000 after purchasing an additional 2,749 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,004 shares of Amazon.com stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $225.94 on Tuesday. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a PEG ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $217.91 and a 200 day moving average price of $196.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.38 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Redburn Atlantic upped their price objective on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group upped their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Moffett Nathanson boosted their price objective on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, HSBC upped their price target on Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $245.65.

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.