Chicago Capital LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700,382 shares of the e-commerce giant's stock after selling 3,029 shares during the quarter. Amazon.com makes up approximately 3.8% of Chicago Capital LLC's portfolio, making the stock its 3rd largest holding. Chicago Capital LLC's holdings in Amazon.com were worth $133,255,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Tallon Kerry Patrick bought a new stake in Amazon.com during the fourth quarter valued at $800,000. Capital & Planning LLC boosted its position in shares of Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after acquiring an additional 1,635 shares during the last quarter. LaFleur & Godfrey LLC grew its holdings 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% in 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 during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Amazon.com in the fourth quarter worth approximately $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:AMZN opened at $223.13 on Friday. The company has a market cap of $2.37 trillion, a P/E ratio of 36.34, a P/E/G ratio of 1.68 and a beta of 1.33. The business has a fifty day simple moving average of $206.44 and a 200-day simple moving average of $208.70. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17.

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, topping analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. Amazon.com's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the sale, the senior vice president owned 47,030 shares in the company, valued at $9,519,342.30. This trade represents a 22.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $220.06, for a total transaction of $550,150.00. Following the completion of the transaction, the chief executive officer owned 514,550 shares in the company, valued at $113,231,873. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,426,963 shares of company stock valued at $757,297,707. 9.70% of the stock is owned by corporate insiders.

A number of brokerages have recently commented on AMZN. Mizuho decreased their price target on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a research note on Friday, May 2nd. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Truist Financial upped their price objective on Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price objective on the stock in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $245.60.

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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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