CMH Wealth Management LLC Has $23.33 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CMH Wealth Management LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 129,353 shares of the e-commerce giant’s stock after selling 32,031 shares during the period. Amazon.com makes up about 5.9% of CMH Wealth Management LLC’s holdings, making the stock its 2nd largest holding. CMH Wealth Management LLC’s holdings in Amazon.com were worth $23,333,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new stake in Amazon.com during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com in the 4th quarter valued at approximately $43,000. Clarity Asset Management Inc. acquired a new position in Amazon.com in the 4th quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new position in Amazon.com in the 1st quarter valued at approximately $65,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $197.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s 50-day simple moving average is $183.13 and its 200 day simple moving average is $172.43. The company has a market cap of $2.06 trillion, a P/E ratio of 55.55, a P/E/G ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $199.84.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. Amazon.com’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer upped their price target on Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Truist Financial upped their price target on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Maxim Group dropped their target price on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Moffett Nathanson reissued a “buy” rating and issued a $228.00 target price on shares of Amazon.com in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $215.74.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Shelley Reynolds sold 2,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by insiders.

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.