Amazon.com, Inc. (NASDAQ:AMZN) is Chicago Capital LLC’s 2nd Largest Position

Chicago Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 702,805 shares of the e-commerce giant’s stock after purchasing an additional 11,535 shares during the quarter. Amazon.com accounts for approximately 3.6% of Chicago Capital LLC’s holdings, making the stock its 2nd biggest holding. Chicago Capital LLC’s holdings in Amazon.com were worth $130,954,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Zhang Financial LLC increased its position in shares of Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after acquiring an additional 5,828 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock worth $550,217,000 after purchasing an additional 14,766 shares in the last quarter. GAMMA Investing LLC increased its holdings in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the period. Stonekeep Investments LLC bought a new stake in Amazon.com during the 2nd quarter valued at $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Amazon.com by 164.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after buying an additional 654,908 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a report on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Loop Capital increased their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Maxim Group boosted their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Itau BBA Securities lowered Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.77.

Amazon.com Price Performance

NASDAQ:AMZN opened at $202.88 on Thursday. The firm’s fifty day moving average is $192.56 and its two-hundred day moving average is $186.18. The firm has a market cap of $2.13 trillion, a price-to-earnings ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a one year low of $141.50 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period last year, the company earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at $19,858,105.50. The trade was a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $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 a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last three months. 10.80% of the stock is currently owned by corporate insiders.

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.