Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Cascade Financial Partners LLC

Cascade Financial Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 28.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,200 shares of the e-commerce giant’s stock after buying an additional 16,075 shares during the period. Amazon.com accounts for approximately 1.9% of Cascade Financial Partners LLC’s portfolio, making the stock its 9th largest holding. Cascade Financial Partners LLC’s holdings in Amazon.com were worth $14,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Iams Wealth Management LLC increased its stake in Amazon.com by 67.7% in the fourth quarter. Iams Wealth Management LLC now owns 3,212 shares of the e-commerce giant’s stock valued at $488,000 after acquiring an additional 1,297 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in Amazon.com by 0.3% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,145,946 shares of the e-commerce giant’s stock valued at $174,115,000 after acquiring an additional 3,563 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Amazon.com by 0.9% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 50,523 shares of the e-commerce giant’s stock valued at $7,676,000 after acquiring an additional 463 shares during the last quarter. American Planning Services Inc. increased its stake in Amazon.com by 49.0% in the fourth quarter. American Planning Services Inc. now owns 3,398 shares of the e-commerce giant’s stock valued at $516,000 after acquiring an additional 1,118 shares during the last quarter. Finally, Lebenthal Global Advisors LLC increased its stake in Amazon.com by 71.4% in the fourth quarter. Lebenthal Global Advisors LLC now owns 9,917 shares of the e-commerce giant’s stock valued at $1,507,000 after acquiring an additional 4,130 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $187.97 on Friday. The firm has a 50 day moving average price of $178.92 and a 200-day moving average price of $182.64. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20. The firm has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 52.65, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,101,797 shares of company stock worth $1,220,129,922. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMZN shares. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a research note on Friday, August 2nd. Maxim Group raised their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Rosenblatt Securities raised their price objective on Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Thursday, September 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Thursday, September 19th. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $222.84.

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.