CMH Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 95,792 shares of the e-commerce giant’s stock after acquiring an additional 6,153 shares during the quarter. Amazon.com makes up about 3.6% of CMH Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. CMH Wealth Management LLC’s holdings in Amazon.com were worth $23,867,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. TOP Private Wealth LLC. bought a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $29,000. Bard Associates Inc. bought a new position in Amazon.com during the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com in the second quarter worth $33,000. Atomic Invest LLC raised its stake in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after buying an additional 49 shares in the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in Amazon.com in the second quarter worth approximately $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
- Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
- Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
- Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
- Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Wolfe Research reiterated an “outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Morgan Stanley dropped their price objective on Amazon.com from $350.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Citizens Jmp reduced their target price on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating on the stock in a report on Friday, October 30th. Finally, Wells Fargo & Company reduced their price target on Amazon.com from $329.00 to $326.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.74.
Read Our Latest Research Report on AMZN
Insider Buying and Selling at Amazon.com
In related news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the sale, the chief executive officer directly owned 473,681 shares of the company’s stock, valued at $115,327,113.07. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 in the last ninety days. 8.90% of the stock is owned by corporate insiders.
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $259.30 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market cap of $2.80 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. The firm has a fifty day moving average price of $253.96 and a 200-day moving average price of $243.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the previous year, the company posted $1.95 earnings per share. Amazon.com’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.
Amazon.com Company Profile
Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.
Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.
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