3Chopt Investment Partners LLC Acquires 6,658 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

3Chopt Investment Partners LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 39.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,624 shares of the e-commerce giant's stock after buying an additional 6,658 shares during the period. Amazon.com comprises approximately 1.2% of 3Chopt Investment Partners LLC's investment portfolio, making the stock its 14th biggest holding. 3Chopt Investment Partners LLC's holdings in Amazon.com were worth $4,495,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Tallon Kerry Patrick acquired a new position in shares of Amazon.com during the fourth quarter worth $800,000. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC increased its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Amazon.com during the fourth quarter worth $301,650,000. Finally, Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 1.0%

AMZN stock opened at $226.13 on Monday. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a 50-day moving average of $213.50 and a two-hundred day moving average of $208.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Amazon.com from $240.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Tigress Financial upped their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Scotiabank reduced their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Stifel Nicolaus dropped their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, JMP Securities boosted their price objective on shares of Amazon.com from $250.00 to $285.00 and gave the company a "market outperform" rating in a report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $250.35.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares of the company's stock, valued at $113,231,873. This represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 733,195 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $227.02, for a total transaction of $166,449,928.90. Following the completion of the sale, the insider directly owned 894,546,706 shares of the company's stock, valued at approximately $203,079,993,196.12. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,335,232 shares of company stock valued at $3,210,622,570. Corporate insiders own 10.80% of the company's stock.

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.

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