Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,687 shares of the e-commerce giant’s stock after buying an additional 515 shares during the period. CFS Investment Advisory Services LLC’s holdings in Amazon.com were worth $2,783,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Hoese & Co LLP acquired a new position in Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com during the third quarter valued at approximately $45,000. Values First Advisors Inc. acquired a new position in Amazon.com during the third quarter valued at approximately $56,000. IFS Advisors LLC lifted its position in Amazon.com by 1,625.0% during the fourth quarter. IFS Advisors LLC now owns 345 shares of the e-commerce giant’s stock valued at $76,000 after buying an additional 325 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new position in Amazon.com during the fourth quarter valued at approximately $88,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMZN. DA Davidson lifted their price target on shares of Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Maxim Group boosted their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, Bank of America boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,850 shares of company stock worth $6,168,581. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.6 %

Amazon.com stock opened at $228.93 on Thursday. The company has a 50-day simple moving average of $227.77 and a 200-day simple moving average of $201.59. The firm has a market capitalization of $2.43 trillion, a P/E ratio of 41.40, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, equities analysts expect that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

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.