Chesapeake Wealth Management Has $4.74 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Chesapeake Wealth Management cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,625 shares of the e-commerce giant’s stock after selling 743 shares during the quarter. Amazon.com accounts for about 1.6% of Chesapeake Wealth Management’s portfolio, making the stock its 16th largest holding. Chesapeake Wealth Management’s holdings in Amazon.com were worth $4,744,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fiera Capital Corp increased its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock valued at $77,515,000 after buying an additional 44,615 shares during the period. Prudential PLC raised its holdings in shares of Amazon.com by 9.5% in the 2nd quarter. Prudential PLC now owns 781,596 shares of the e-commerce giant’s stock worth $151,043,000 after acquiring an additional 67,971 shares during the last quarter. Clifford Swan Investment Counsel LLC lifted its holdings in shares of Amazon.com by 0.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 177,643 shares of the e-commerce giant’s stock valued at $34,330,000 after purchasing an additional 1,083 shares in the last quarter. Roof Eidam Maycock Peralta LLC grew its stake in shares of Amazon.com by 30.8% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 6,882 shares of the e-commerce giant’s stock worth $1,330,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Amazon.com by 2.7% in the 2nd quarter. Wedbush Securities Inc. now owns 468,400 shares of the e-commerce giant’s stock valued at $90,518,000 after buying an additional 12,272 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred 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 sale, the director now 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 position. The disclosure for this sale can be found here. Insiders sold 3,026,212 shares of company stock worth $625,666,424 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN opened at $238.83 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a fifty day simple moving average of $225.85 and a 200 day simple moving average of $200.03. 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 firm has a market cap of $2.51 trillion, a price-to-earnings ratio of 51.14, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Equities research analysts expect that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Bank of America increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley increased their price objective on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Oppenheimer increased their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wolfe Research increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, UBS Group increased their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.56.

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.