Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Lowered by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,933 shares of the e-commerce giant’s stock after selling 2,954 shares during the quarter. Amazon.com comprises 1.9% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 9th biggest position. CHICAGO TRUST Co NA’s holdings in Amazon.com were worth $10,955,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thomasville National Bank increased its holdings in Amazon.com by 0.7% during the 4th quarter. Thomasville National Bank now owns 371,246 shares of the e-commerce giant’s stock worth $81,448,000 after acquiring an additional 2,578 shares during the period. Compton Wealth Advisory Group LLC increased its holdings in Amazon.com by 6.0% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 37,838 shares of the e-commerce giant’s stock worth $8,301,000 after acquiring an additional 2,134 shares during the period. Kieckhefer Group LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $567,000. Capital Investment Advisors LLC increased its holdings in Amazon.com by 5.0% during the 4th quarter. Capital Investment Advisors LLC now owns 229,671 shares of the e-commerce giant’s stock worth $50,388,000 after acquiring an additional 10,848 shares during the period. Finally, ACT Advisors LLC. increased its holdings in Amazon.com by 7.0% during the 4th quarter. ACT Advisors LLC. now owns 3,133 shares of the e-commerce giant’s stock worth $687,000 after acquiring an additional 204 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 917,416,976 shares in the company, 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 Jonathan Rubinstein sold 4,766 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total transaction of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMZN shares. Bank of America upped their target price on shares of Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Loop Capital increased their price target on shares of Amazon.com from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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. Finally, Royal Bank of Canada increased their price target on shares of 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-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Price Performance

AMZN stock opened at $235.01 on Thursday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $235.44. The company’s fifty day moving average price is $218.73 and its 200-day moving average price is $196.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.47 trillion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 1.26 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 for the quarter, topping the consensus estimate 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 analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Amazon.com Company 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.