Amazon.com Inc. (AMZN) is Cobiz Investment Management LLC’s 5th Largest Position
Cobiz Investment Management LLC reduced its stake in Amazon.com Inc. (NASDAQ:AMZN) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 10,372 shares of the e-commerce giant’s stock after selling 54 shares during the period. Amazon.com makes up approximately 2.1% of Cobiz Investment Management LLC’s investment portfolio, making the stock its 5th largest position. Cobiz Investment Management LLC’s holdings in Amazon.com were worth $8,685,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in shares of Amazon.com by 37.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 84,118 shares of the e-commerce giant’s stock valued at $70,433,000 after buying an additional 22,942 shares during the period. Kelman Lazarov Inc. increased its position in shares of Amazon.com by 8.7% in the third quarter. Kelman Lazarov Inc. now owns 489 shares of the e-commerce giant’s stock valued at $408,000 after buying an additional 39 shares during the period. Gofen & Glossberg LLC IL increased its position in shares of Amazon.com by 1.1% in the third quarter. Gofen & Glossberg LLC IL now owns 5,605 shares of the e-commerce giant’s stock valued at $4,693,000 after buying an additional 63 shares during the period. Searle & CO. acquired a new position in shares of Amazon.com during the third quarter valued at $284,000. Finally, Stillwater Capital Advisors LLC increased its position in shares of Amazon.com by 32.4% in the third quarter. Stillwater Capital Advisors LLC now owns 450 shares of the e-commerce giant’s stock valued at $377,000 after buying an additional 110 shares during the period. 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, hitting $751.443. The stock had a trading volume of 2,898,216 shares. The stock has a market cap of $357.06 billion, a price-to-earnings ratio of 172.152 and a beta of 1.51. Amazon.com Inc. has a one year low of $474.00 and a one year high of $847.21. The firm has a 50 day moving average of $789.54 and a 200 day moving average of $761.26.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 27th. The e-commerce giant reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by $0.28. The business earned $32.71 billion during the quarter, compared to the consensus estimate of $32.69 billion. Amazon.com had a return on equity of 13.47% and a net margin of 1.64%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, analysts forecast that Amazon.com Inc. will post $4.78 earnings per share for the current year.
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Several research firms have commented on AMZN. SunTrust Banks Inc. restated a “hold” rating on shares of Amazon.com in a research report on Tuesday. Piper Jaffray Cos. restated an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a research report on Tuesday. Evercore ISI restated a “buy” rating and issued a $990.00 price objective on shares of Amazon.com in a research report on Monday. Citigroup Inc. lowered their price objective on Amazon.com from $965.00 to $960.00 and set a “buy” rating on the stock in a research report on Monday. Finally, William Blair restated a “buy” rating and issued a $719.07 price objective on shares of Amazon.com in a research report on Wednesday, November 16th. Six investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $911.75.
In other news, CEO Andrew R. Jassy sold 14,000 shares of Amazon.com stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total value of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.70% of the stock is owned by insiders.
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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