Chilton Investment Co. Inc. Has $13.52 Million Position in Amazon.com, Inc. $AMZN

Chilton Investment Co. Inc. increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 139.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,565 shares of the e-commerce giant’s stock after buying an additional 35,837 shares during the quarter. Chilton Investment Co. Inc.’s holdings in Amazon.com were worth $13,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Fairway Wealth LLC raised its holdings in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com during the third quarter worth $27,000. Bridge Generations Wealth Management LLC boosted its holdings in Amazon.com by 2,330.0% during the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after purchasing an additional 233 shares during the last quarter. Cooksen Wealth LLC grew its position in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. Finally, PayPay Securities Corp grew its position in Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer directly owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 71,686 shares of company stock valued at $14,688,739 in the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AMZN shares. Stifel Nicolaus set a $300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, February 6th. Citizens Jmp lifted their target price on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Oppenheimer set a $260.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, President Capital reduced their price target on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $286.93.

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Amazon.com Stock Down 0.9%

Shares of AMZN opened at $207.67 on Friday. The firm has a market cap of $2.23 trillion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The firm’s 50-day simple moving average is $222.93 and its 200 day simple moving average is $226.69.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company’s revenue was up 13.6% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

Further Reading

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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