Amazon.com, Inc. (NASDAQ:AMZN) is F M Investments LLC’s 3rd Largest Position

Posted by Defense World Staff on Aug 3rd, 2023

F M Investments LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,833 shares of the e-commerce giant’s stock after acquiring an additional 16,966 shares during the quarter. Amazon.com makes up 5.5% of F M Investments LLC’s investment portfolio, making the stock its 3rd largest position. F M Investments LLC’s holdings in Amazon.com were worth $5,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the first quarter worth approximately $228,000. Krane Funds Advisors LLC boosted its position in shares of Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Range Financial Group LLC acquired a new stake in shares of Amazon.com in the first quarter worth approximately $258,000. My Personal CFO LLC acquired a new stake in shares of Amazon.com in the first quarter worth approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Amazon.com in the first quarter worth approximately $191,000. 56.67% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.6 %

Amazon.com stock opened at $128.21 on Thursday. The firm has a 50 day simple moving average of $127.67 and a 200-day simple moving average of $110.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $1.32 trillion, a PE ratio of 305.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. Amazon.com, Inc. has a 12-month low of $81.43 and a 12-month high of $146.57.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Credit Suisse Group raised their target price on shares of Amazon.com from $142.00 to $176.00 and gave the stock an “outperform” rating in a research report on Monday. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $106.00 to $111.00 in a research note on Friday, April 28th. Moffett Nathanson dropped their price objective on shares of Amazon.com from $119.00 to $116.00 and set an “outperform” rating for the company in a research report on Monday, April 24th. Mizuho lifted their target price on shares of Amazon.com from $135.00 to $145.00 in a report on Friday, April 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Amazon.com from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. Three analysts have rated the stock with a hold rating and thirty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Get Our Latest Report on AMZN

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $115.60, for a total value of $358,360.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $13,846,568. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $110.33, for a total transaction of $1,187,150.80. Following the completion of the sale, the chief executive officer now directly owns 150,120 shares in the company, valued at $16,562,739.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total transaction of $358,360.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $13,846,568. The disclosure for this sale can be found here. Insiders sold 69,305 shares of company stock worth $8,072,608 over the last three months. Corporate insiders own 12.70% of the company’s stock.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.