Amazon.com, Inc. (AMZN) Holdings Trimmed by Chicago Equity Partners LLC
Chicago Equity Partners LLC lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 43.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 31,221 shares of the e-commerce giant’s stock after selling 24,382 shares during the quarter. Amazon.com comprises about 0.9% of Chicago Equity Partners LLC’s investment portfolio, making the stock its 9th biggest position. Chicago Equity Partners LLC’s holdings in Amazon.com were worth $30,014,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Whitnell & Co. boosted its stake in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares in the last quarter. Vestor Capital LLC boosted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Clear Investment Research LLC boosted its stake in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $121,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
Several brokerages have recently commented on AMZN. SunTrust Banks restated a “buy” rating and issued a $1,400.00 target price (up previously from $1,270.00) on shares of Amazon.com in a research note on Friday. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Amazon.com from $1,313.00 to $1,425.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. restated a “buy” rating and issued a $1,385.00 target price (up previously from $1,375.00) on shares of Amazon.com in a research note on Wednesday. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $1,400.00 target price (up previously from $1,200.00) on shares of Amazon.com in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,262.35.
In other news, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 835 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock valued at $444,391,701 over the last 90 days. Corporate insiders own 17.00% of the company’s stock.
Shares of Amazon.com, Inc. (AMZN) opened at $1,305.20 on Friday. The firm has a market capitalization of $628,940.00, a PE ratio of 329.60, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46. Amazon.com, Inc. has a twelve month low of $803.00 and a twelve month high of $1,305.76. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. equities analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.
Amazon.com Company Profile
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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