Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,613 shares of the e-commerce giant’s stock after purchasing an additional 2,064 shares during the period. Amazon.com makes up about 3.5% of Chase Investment Counsel Corp’s portfolio, making the stock its 5th biggest holding. Chase Investment Counsel Corp’s holdings in Amazon.com were worth $10,884,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jacobi Capital Management LLC raised its stake in Amazon.com by 2.2% in the fourth quarter. Jacobi Capital Management LLC now owns 30,975 shares of the e-commerce giant’s stock valued at $6,796,000 after buying an additional 656 shares during the last quarter. Anfield Capital Management LLC raised its stake in Amazon.com by 2.5% in the 4th quarter. Anfield Capital Management LLC now owns 2,646 shares of the e-commerce giant’s stock worth $581,000 after acquiring an additional 64 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Amazon.com by 2.4% during the fourth quarter. Metis Global Partners LLC now owns 537,409 shares of the e-commerce giant’s stock worth $117,902,000 after purchasing an additional 12,389 shares during the period. West Michigan Advisors LLC lifted its stake in Amazon.com by 0.9% during the 4th quarter. West Michigan Advisors LLC now owns 18,319 shares of the e-commerce giant’s stock valued at $4,019,000 after acquiring an additional 172 shares during the period. Finally, Noble Wealth Management PBC purchased a new stake in Amazon.com in the fourth quarter valued at $1,160,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now owns 69,162 shares of the company’s stock, valued at approximately $15,265,436.64. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Westpark Capital started coverage on Amazon.com in a research note on Tuesday. They set a “buy” rating and a $280.00 price objective for the company. JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their target price on shares of Amazon.com from $240.00 to $255.00 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-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.53.

Amazon.com Trading Up 1.0 %

Shares of Amazon.com stock opened at $192.17 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $215.38 and a 200-day simple moving average of $209.31. The stock has a market cap of $2.04 trillion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

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.