Amazon.com, Inc. (NASDAQ:AMZN) is Chicago Capital LLC's 2nd Largest Position

Chicago Capital LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 702,805 shares of the e-commerce giant's stock after purchasing an additional 11,535 shares during the quarter. Amazon.com accounts for approximately 3.6% of Chicago Capital LLC's holdings, making the stock its 2nd biggest holding. Chicago Capital LLC's holdings in Amazon.com were worth $130,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after acquiring an additional 64 shares during the period. Hoese & Co LLP purchased a new position in shares of Amazon.com during the third quarter worth approximately $37,000. Christopher J. Hasenberg Inc increased its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com during the first quarter worth approximately $69,000. Finally, Innealta Capital LLC purchased a new position in shares of Amazon.com during the second quarter worth approximately $77,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They set a "buy" rating and a $260.00 price objective on the stock. Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Loop Capital increased their price objective on shares of Amazon.com from $225.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.77.

Amazon.com Price Performance

Shares of AMZN opened at $202.88 on Thursday. Amazon.com, Inc. has a fifty-two week low of $141.50 and a fifty-two week high of $215.90. The firm's 50 day moving average price is $192.56 and its 200 day moving average price is $186.18. The company has a market cap of $2.13 trillion, a P/E ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares of the company's stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

About Amazon.com

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.