Amazon.com, Inc. (NASDAQ:AMZN) is CHICAGO TRUST Co NA’s 9th largest position

VaselineAugust 25, 2024

0 4 minutes read

CHICAGO TRUST Co NA grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 48,882 shares of the e-commerce giant’s stock after acquiring an additional 3,692 shares during the period. Amazon.com accounts for 1.9% of CHICAGO TRUST Co NA’s holdings, making the stock its 9th largest position. CHICAGO TRUST Co NA’s holdings in Amazon.com were worth $9,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. CCM Investment Advisers LLC boosted its position in Amazon.com by 0.6% in the second quarter. CCM Investment Advisers LLC now owns 148,560 shares of the e-commerce giant’s stock valued at $28,709,000 after purchasing an additional 896 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Amazon.com during the second quarter valued at about $329,572,000. Duncan Williams Asset Management LLC grew its stake in shares of Amazon.com by 6.4% in the second quarter. Duncan Williams Asset Management LLC now owns 9,846 shares of the e-commerce giant’s stock valued at $1,903,000 after buying an additional 588 shares in the last quarter. Cadent Capital Advisors LLC boosted its holdings in Amazon.com by 13.2% in the second quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock worth $396,000 after purchasing an additional 239 shares in the last quarter. Finally, Global Trust Asset Management LLC grew its position in Amazon.com by 3.3% during the second quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock valued at $3,042,000 after acquiring an additional 502 shares in the last quarter. 72.20% of the shares are owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $176.13 on Friday. The company has a 50-day simple moving average of $183.91 and a 200-day simple moving average of $180.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07, and a quick ratio of 0.87. The company has a market cap of $1.83 trillion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. it has a one year low of $118.35 and a one year high of $201.20.

Analysts set new price targets

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Several analysts have commented on the stock. Evercore ISI upped their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TD Securities upped their target price on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James boosted their target price on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $221.69, according to MarketBeat.com.

Check out our latest research report on AMZN

Insiders place their bets

In other news, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares in the company, valued at approximately $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. Insiders have sold 6,059,152 shares of company stock worth $1,212,453,840 over the last three months. 10.80% of shares are currently owned by corporate insiders.

Amazon.com Company Profile

(Free report)

Amazon.com, Inc engages in the retail sale of consumer products, advertising and subscription services through online and brick-and-mortar stores in North America and internationally. The company operates through three segments: North America, International and Amazon Web Services (AWS). It also makes and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink and eero; and develops and produces media content.