Checchi Capital Advisers LLC Has $17.45 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Checchi Capital Advisers LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,546 shares of the e-commerce giant's stock after buying an additional 1,661 shares during the quarter. Amazon.com comprises approximately 1.0% of Checchi Capital Advisers LLC's holdings, making the stock its 14th largest position. Checchi Capital Advisers LLC's holdings in Amazon.com were worth $17,452,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Rench Wealth Management Inc. lifted its holdings in shares of Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Blankinship & Foster LLC increased its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after acquiring an additional 4,740 shares during the period. Umpqua Bank boosted its holdings in Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the period. One Wealth Capital Management LLC bought a new stake in Amazon.com in the 4th quarter valued at $4,270,000. Finally, Floyd Financial Group LLC bought a new position in shares of Amazon.com during the 4th quarter worth about $4,494,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Tigress Financial increased their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Jefferies Financial Group cut their target price on Amazon.com from $275.00 to $250.00 and set a "buy" rating for the company in a research note on Monday. The Goldman Sachs Group raised their target price on Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, DA Davidson raised their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $260.11.

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Insider Buying and Selling

In other news, SVP David Zapolsky sold 19,212 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the completion of the sale, the senior vice president now owns 49,950 shares of the company's stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,298 shares of company stock valued at $22,871,828. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Down 2.1 %

Shares of AMZN stock traded down $4.12 on Monday, reaching $188.60. The company had a trading volume of 32,306,674 shares, compared to its average volume of 39,807,073. The company has a 50-day moving average of $216.86 and a 200-day moving average of $209.25. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The stock has a market cap of $2.00 trillion, a PE ratio of 34.12, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.