Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Chicago Capital LLC

Chicago Capital LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 700,382 shares of the e-commerce giant's stock after selling 3,029 shares during the period. Amazon.com makes up approximately 3.8% of Chicago Capital LLC's portfolio, making the stock its 3rd biggest holding. Chicago Capital LLC's holdings in Amazon.com were worth $133,255,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC raised its position in shares of Amazon.com by 0.5% in the 4th quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after buying an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amazon.com by 2.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after buying an additional 4,087,933 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com in the 4th quarter worth approximately $27,266,582,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.5%

AMZN traded up $3.21 on Friday, hitting $223.13. The company had a trading volume of 29,632,353 shares, compared to its average volume of 42,031,611. The stock has a fifty day moving average price of $206.44 and a 200-day moving average price of $208.62. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33.

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

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total value of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 224,926 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $223.56, for a total value of $50,284,456.56. Following the completion of the sale, the insider directly owned 905,454,975 shares of the company's stock, valued at approximately $202,423,514,211. This represents a 0.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. Oppenheimer increased their target price on shares of Amazon.com from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, June 20th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. UBS Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Finally, Scotiabank lowered their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.60.

Amazon.com 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.