Chicago Partners Investment Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686 shares of the e-commerce giant’s stock after buying an additional 221 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Amazon.com were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the last quarter. Vestor Capital LLC boosted its position in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $121,000. Archford Capital Strategies LLC boosted its position in shares of Amazon.com by 17,242.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after acquiring an additional 29,829 shares during the last quarter. Finally, Lee Financial Co boosted its position in shares of Amazon.com by 285.7% during the 3rd quarter. Lee Financial Co now owns 135 shares of the e-commerce giant’s stock valued at $130,000 after acquiring an additional 100 shares during the last quarter. 60.22% of the stock is owned by institutional investors and hedge funds.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the transaction, the vice president now owns 6,533 shares in the company, valued at $9,553,336.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $1,549.90, for a total value of $387,475.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $15,499,000. The disclosure for this sale can be found here. Insiders sold 5,714 shares of company stock worth $8,462,195 in the last quarter. 17.00% of the stock is owned by insiders.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion for the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 38.2% compared to the same quarter last year. equities research analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
AMZN has been the subject of a number of research reports. Loop Capital set a $1,300.00 target price on Amazon.com and gave the company a “buy” rating in a research report on Monday, November 13th. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Wednesday, November 15th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Sunday, November 19th. Nomura reiterated a “buy” rating and set a $1,360.00 target price on shares of Amazon.com in a research report on Monday, November 20th. Finally, Vetr downgraded Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 target price for the company. in a research report on Monday, November 27th. Five equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $1,472.95.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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