Amazon.com Inc. (AMZN) is Cobiz Investment Management LLC’s 5th Largest Position
Cobiz Investment Management LLC reduced its stake in shares of Amazon.com Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,372 shares of the e-commerce giant’s stock after selling 54 shares during the period. Amazon.com accounts for approximately 2.1% of Cobiz Investment Management LLC’s portfolio, making the stock its 5th largest position. Cobiz Investment Management LLC’s holdings in Amazon.com were worth $8,685,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Pathstone Family Office LLC boosted its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 70 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock valued at $108,000 after buying an additional 136 shares in the last quarter. Kings Point Capital Management acquired a new stake in Amazon.com during the second quarter valued at approximately $109,000. Krilogy Financial LLC boosted its stake in Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. Finally, West Oak Capital LLC boosted its stake in Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock valued at $155,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded down 1.453% during mid-day trading on Wednesday, reaching $751.443. 2,898,216 shares of the company’s stock were exchanged. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $847.21. The firm has a market cap of $357.06 billion, a P/E ratio of 172.152 and a beta of 1.51. The company has a 50 day moving average price of $789.54 and a 200 day moving average price of $761.26.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.28. The company earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Analysts forecast that Amazon.com Inc. will post $4.78 earnings per share for the current fiscal year.
Several analysts recently commented on the company. Wedbush set a $900.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Sunday, October 30th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $800.28 price target on the stock in a research report on Tuesday, August 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research report on Thursday, September 15th. Atlantic Securities set a $980.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Friday, October 28th. Finally, Guggenheim reiterated a “buy” rating and set a $950.00 price target on shares of Amazon.com in a research report on Friday, October 28th. Six investment analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $911.75.
In other news, CEO Andrew R. Jassy sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares of the company’s stock, valued at $54,512,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 17.70% of the stock is currently owned by company insiders.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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