Amazon.com, Inc. (NASDAQ:AMZN) Holdings Reduced by CHICAGO TRUST Co NA

Posted by Defense World Staff on Mar 23rd, 2023

CHICAGO TRUST Co NA decreased its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,485 shares of the e-commerce giant’s stock after selling 1,938 shares during the period. CHICAGO TRUST Co NA’s holdings in Amazon.com were worth $3,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avity Investment Management Inc. lifted its stake in shares of Amazon.com by 2.5% in the 4th quarter. Avity Investment Management Inc. now owns 313,997 shares of the e-commerce giant’s stock worth $26,376,000 after acquiring an additional 7,542 shares during the period. Shira Ridge Wealth Management acquired a new stake in shares of Amazon.com in the 4th quarter worth approximately $296,000. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Amazon.com by 3.3% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,556 shares of the e-commerce giant’s stock worth $719,000 after acquiring an additional 271 shares during the period. Marcum Wealth LLC lifted its stake in shares of Amazon.com by 2.7% in the 4th quarter. Marcum Wealth LLC now owns 40,986 shares of the e-commerce giant’s stock worth $3,443,000 after acquiring an additional 1,075 shares during the period. Finally, Addenda Capital Inc. lifted its stake in shares of Amazon.com by 29.7% in the 4th quarter. Addenda Capital Inc. now owns 55,192 shares of the e-commerce giant’s stock worth $4,638,000 after acquiring an additional 12,628 shares during the period. Institutional investors own 57.64% of the company’s stock.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $11,368,319.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,394 shares of company stock valued at $6,994,626 over the last 90 days. 12.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $98.70 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $170.83. The firm’s 50 day moving average price is $97.51 and its two-hundred day moving average price is $100.94. The firm has a market cap of $1.01 trillion, a P/E ratio of -368.27, a PEG ratio of 4.10 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. On average, analysts forecast that Amazon.com, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Susquehanna increased their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, February 3rd. Piper Sandler upped their price target on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, February 3rd. The Goldman Sachs Group reduced their price target on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, January 13th. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research report on Thursday, March 16th. Finally, MKM Partners dropped their price objective on shares of Amazon.com from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.72.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.