Amazon.com, Inc. (NASDAQ:AMZN) Holdings Increased by Chicago Capital LLC

Chicago Capital LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,805 shares of the e-commerce giant’s stock after purchasing an additional 11,535 shares during the period. Amazon.com makes up 3.6% of Chicago Capital LLC’s portfolio, making the stock its 2nd biggest holding. Chicago Capital LLC’s holdings in Amazon.com were worth $130,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Capital Research Global Investors increased its stake in Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after acquiring an additional 6,810,145 shares during the last quarter. Legal & General Group Plc raised its position in Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after purchasing an additional 2,932,192 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMZN. Sanford C. Bernstein upped their target price on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Truist Financial lifted their target price on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 5,502 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,011,423 shares of company stock worth $1,249,093,896. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 0.8 %

Shares of AMZN opened at $202.88 on Thursday. Amazon.com, Inc. has a 1 year low of $141.50 and a 1 year high of $215.90. The company has a 50 day simple moving average of $192.56 and a two-hundred day simple moving average of $186.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.13 trillion, a P/E ratio of 43.44, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 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.