Chesley Taft & Associates LLC Decreases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Chesley Taft & Associates LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,363 shares of the e-commerce giant’s stock after selling 1,533 shares during the period. Amazon.com accounts for 2.3% of Chesley Taft & Associates LLC’s portfolio, making the stock its 7th largest holding. Chesley Taft & Associates LLC’s holdings in Amazon.com were worth $45,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares in the last quarter. FMR LLC increased its position in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth about $17,700,551,000. Northern Trust Corp lifted its position in shares of Amazon.com by 3.7% during the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock worth $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after purchasing an additional 1,389,503 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $200.00 on Wednesday. The stock has a market cap of $2.08 trillion, a PE ratio of 56.02, a P/E/G ratio of 1.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a 50-day moving average of $184.27 and a 200-day moving average of $173.63. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $200.43.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period last year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the transaction, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 66,548 shares of company stock valued at $12,180,239 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMZN. Wells Fargo & Company boosted their price objective on shares of Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a research report on Friday, June 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. Telsey Advisory Group upped their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Evercore ISI lifted their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Loop Capital increased their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $215.86.

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.