Chicago Partners Investment Group LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Chicago Partners Investment Group LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,101 shares of the e-commerce giant’s stock after purchasing an additional 196 shares during the quarter. Amazon.com makes up approximately 0.7% of Chicago Partners Investment Group LLC’s portfolio, making the stock its 29th biggest position. Chicago Partners Investment Group LLC’s holdings in Amazon.com were worth $22,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its position in Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC increased its stake in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after buying an additional 1,081 shares during the period. London & Capital Asset Management Ltd lifted its stake in Amazon.com by 2.1% in the first quarter. London & Capital Asset Management Ltd now owns 71,454 shares of the e-commerce giant’s stock worth $12,889,000 after acquiring an additional 1,436 shares during the period. Steadfast Capital Management LP boosted its holdings in Amazon.com by 11.8% in the first quarter. Steadfast Capital Management LP now owns 1,354,600 shares of the e-commerce giant’s stock valued at $244,343,000 after acquiring an additional 142,500 shares in the last quarter. Finally, Talisman Wealth Advisors LLC increased its position in Amazon.com by 5.1% during the 1st quarter. Talisman Wealth Advisors LLC now owns 4,349 shares of the e-commerce giant’s stock valued at $784,000 after purchasing an additional 210 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,030,183 shares of company stock valued at $1,252,883,795 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of Amazon.com in a research report on Wednesday, December 4th. Benchmark lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird increased their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.20.

Amazon.com Stock Up 2.9 %

AMZN opened at $227.03 on Monday. The firm’s 50 day simple moving average is $197.39 and its two-hundred day simple moving average is $188.15. The company has a market capitalization of $2.39 trillion, a PE ratio of 48.61, a PEG ratio of 1.46 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $143.64 and a 1-year high of $227.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current 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.