CFS Investment Advisory Services LLC Increases Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

CFS Investment Advisory Services LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Grimes & Company Inc. lifted its holdings in Amazon.com by 3.1% during the 4th quarter. Grimes & Company Inc. now owns 141,827 shares of the e-commerce giant’s stock worth $31,115,000 after buying an additional 4,308 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Amazon.com by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 10,182 shares of the e-commerce giant’s stock worth $2,234,000 after purchasing an additional 172 shares in the last quarter. Lantz Financial LLC increased its position in shares of Amazon.com by 2.7% during the fourth quarter. Lantz Financial LLC now owns 29,379 shares of the e-commerce giant’s stock worth $6,445,000 after purchasing an additional 778 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Amazon.com by 2.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 3,515 shares of the e-commerce giant’s stock worth $771,000 after purchasing an additional 70 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in shares of Amazon.com by 1.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 196,480 shares of the e-commerce giant’s stock worth $43,106,000 after purchasing an additional 1,958 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMZN has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Amazon.com from $265.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities lifted their target price on Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Benchmark lifted their target price on Amazon.com from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, HSBC boosted their price target on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two investment 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 MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.74.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,850 shares of company stock worth $6,168,581 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $228.93 on Thursday. The stock has a market cap of $2.43 trillion, a price-to-earnings ratio of 41.40, a PEG ratio of 1.36 and a beta of 1.15. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company’s 50-day moving average price is $227.77 and its 200 day moving average price is $201.59. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (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, research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Amazon.com 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.