Amazon.com, Inc. $AMZN Position Lifted by CMH Wealth Management LLC

CMH Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,792 shares of the e-commerce giant’s stock after buying an additional 6,153 shares during the quarter. Amazon.com comprises 3.6% of CMH Wealth Management LLC’s 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Benin Management CORP grew its position in shares of Amazon.com by 2.0% in the 3rd quarter. Benin Management CORP now owns 29,897 shares of the e-commerce giant’s stock worth $7,449,000 after buying an additional 600 shares during the period. Howland Capital Management LLC lifted its holdings in shares of Amazon.com by 1.0% in the 3rd quarter. Howland Capital Management LLC now owns 339,027 shares of the e-commerce giant’s stock worth $84,469,000 after acquiring an additional 3,235 shares during the last quarter. Culbertson A N & Co. Inc. lifted its stake in Amazon.com by 4.4% in the third quarter. Culbertson A N & Co. Inc. now owns 43,663 shares of the e-commerce giant’s stock valued at $10,879,000 after buying an additional 1,838 shares during the last quarter. Virtue Asset Management LLC grew its position in shares of Amazon.com by 1.8% in the third quarter. Virtue Asset Management LLC now owns 13,774 shares of the e-commerce giant’s stock valued at $3,432,000 after purchasing an additional 245 shares during the last quarter. Finally, Legacy Financial Group Inc. boosted its holdings in Amazon.com by 1.6% in the 3rd quarter. Legacy Financial Group Inc. now owns 6,163 shares of the e-commerce giant’s stock worth $1,536,000 after acquiring an additional 97 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by corporate insiders.

Amazon.com News Summary

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

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $335.00 target price on shares of Amazon.com in a research report on Friday, October 30th. Tigress Financial reiterated a “buy” rating and issued a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Pivotal Research reaffirmed a “buy” rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Mizuho upped their price target on shares of Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. Finally, HSBC reiterated a “buy” rating and issued a $310.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Price Performance

NASDAQ:AMZN opened at $259.30 on Friday. The firm’s fifty day moving average price is $253.96 and its two-hundred day moving average price is $243.57. The company has a market cap of $2.80 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.86 and a beta of 1.49. 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, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter last year, the business posted $1.95 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current 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.