CBIZ Investment Advisory Services LLC Purchases 118 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CBIZ Investment Advisory Services LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,025 shares of the e-commerce giant’s stock after acquiring an additional 118 shares during the quarter. Amazon.com comprises 0.0% of CBIZ Investment Advisory Services LLC’s holdings, making the stock its 27th largest holding. CBIZ Investment Advisory Services LLC’s holdings in Amazon.com were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB increased its holdings in shares of Amazon.com by 1.4% during the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after acquiring an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new position in Amazon.com in the third quarter valued at about $279,000. Howard Capital Management Group LLC lifted its position in shares of Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after buying an additional 897 shares during the last quarter. Meridian Management Co. raised its position in shares of Amazon.com by 27.6% in the third quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock valued at $6,235,000 after purchasing an additional 7,246 shares during the period. Finally, Pettinga Financial Advisors LLC raised its stake in shares of Amazon.com by 4.3% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 5,512 shares of the e-commerce giant’s stock valued at $1,027,000 after purchasing an additional 225 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last three months. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. Morgan Stanley reduced their target price on Amazon.com from $280.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada upped their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of Amazon.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Maxim Group raised their price target on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $252.73.

Amazon.com Trading Down 2.9 %

Shares of NASDAQ AMZN opened at $174.33 on Thursday. The business’s 50 day moving average is $200.86 and its two-hundred day moving average is $208.06. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current 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.