CSM Advisors LLC Has $19.70 Million Stake in Amazon.com, Inc. $AMZN

CSM Advisors LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,714 shares of the e-commerce giant’s stock after selling 43,085 shares during the quarter. CSM Advisors LLC’s holdings in Amazon.com were worth $19,699,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IMPACTfolio LLC grew its stake in Amazon.com by 3.8% during the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after purchasing an additional 45 shares during the period. Cadence Wealth Management LLC lifted its stake in Amazon.com by 3.5% in the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after buying an additional 45 shares during the period. Union Savings Bank boosted its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 45 shares in the last quarter. Doheny Asset Management CA boosted its holdings in shares of Amazon.com by 0.3% during the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock worth $3,910,000 after buying an additional 45 shares in the last quarter. Finally, Banco de Sabadell S.A grew its position in shares of Amazon.com by 0.3% during the 2nd quarter. Banco de Sabadell S.A now owns 13,409 shares of the e-commerce giant’s stock worth $2,946,000 after buying an additional 46 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $204.25, for a total value of $204,250.00. Following the completion of the sale, the chief executive officer directly owned 521,361 shares of the company’s stock, valued at $106,487,984.25. The trade was a 0.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,686 shares of company stock valued at $14,688,739 in the last three months. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Stifel Nicolaus set a $300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, January 27th. Wells Fargo & Company set a $304.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Raymond James Financial cut their price objective on shares of Amazon.com from $260.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Amazon.com in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $286.93.

Check Out Our Latest Analysis on Amazon.com

Key Headlines Impacting Amazon.com

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Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $207.67 on Monday. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm’s 50-day simple moving average is $222.93 and its 200 day simple moving average is $226.67.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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

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