Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by Chesapeake Wealth Management

Chesapeake Wealth Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,368 shares of the e-commerce giant’s stock after selling 194 shares during the period. Amazon.com makes up about 1.4% of Chesapeake Wealth Management’s holdings, making the stock its 22nd biggest position. Chesapeake Wealth Management’s holdings in Amazon.com were worth $4,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tranquility Partners LLC grew its stake in Amazon.com by 3.3% in the third quarter. Tranquility Partners LLC now owns 31,866 shares of the e-commerce giant’s stock valued at $5,938,000 after purchasing an additional 1,019 shares in the last quarter. Vertex Planning Partners LLC grew its stake in shares of Amazon.com by 2.3% in the 3rd quarter. Vertex Planning Partners LLC now owns 5,883 shares of the e-commerce giant’s stock valued at $1,096,000 after purchasing an additional 133 shares during the period. Whalen Wealth Management Inc. grew its stake in shares of Amazon.com by 10.0% in the 3rd quarter. Whalen Wealth Management Inc. now owns 22,296 shares of the e-commerce giant’s stock valued at $4,154,000 after purchasing an additional 2,022 shares during the period. Belmont Capital LLC grew its position in Amazon.com by 4.3% during the 3rd quarter. Belmont Capital LLC now owns 153,726 shares of the e-commerce giant’s stock worth $28,644,000 after acquiring an additional 6,366 shares during the last quarter. Finally, Knuff & Co LLC grew its position in Amazon.com by 5.1% during the 3rd quarter. Knuff & Co LLC now owns 44,503 shares of the e-commerce giant’s stock worth $8,292,000 after acquiring an additional 2,169 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $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. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last quarter. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Down 1.1 %

Shares of NASDAQ AMZN opened at $221.30 on Tuesday. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 47.39, a PEG ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average price of $209.73 and a two-hundred day moving average price of $192.89.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMZN shares. Sanford C. Bernstein increased their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Rosenblatt Securities lifted their target price on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Tigress Financial boosted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. TD Cowen boosted their price target on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

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.