Chesley Taft & Associates LLC Has $35.77 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Chesley Taft & Associates LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1,762.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 336,827 shares of the e-commerce giant’s stock after purchasing an additional 318,744 shares during the quarter. Amazon.com makes up 2.4% of Chesley Taft & Associates LLC’s portfolio, making the stock its 6th largest holding. Chesley Taft & Associates LLC’s holdings in Amazon.com were worth $35,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Amazon.com by 1.6% during the first quarter. Vanguard Group Inc. now owns 33,965,498 shares of the e-commerce giant’s stock valued at $110,725,825,000 after buying an additional 543,744 shares in the last quarter. State Street Corp boosted its stake in Amazon.com by 4.3% during the fourth quarter. State Street Corp now owns 17,021,616 shares of the e-commerce giant’s stock valued at $56,755,855,000 after buying an additional 698,970 shares in the last quarter. Geode Capital Management LLC boosted its stake in Amazon.com by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 7,193,360 shares of the e-commerce giant’s stock valued at $23,917,115,000 after buying an additional 195,716 shares in the last quarter. Capital Research Global Investors boosted its stake in Amazon.com by 14.0% during the first quarter. Capital Research Global Investors now owns 5,213,777 shares of the e-commerce giant’s stock valued at $16,996,815,000 after buying an additional 639,231 shares in the last quarter. Finally, Norges Bank bought a new position in Amazon.com during the fourth quarter valued at about $14,053,756,000. Institutional investors own 57.15% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $123.53 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.26 trillion, a PE ratio of 110.74, a PEG ratio of 5.51 and a beta of 1.33. Amazon.com, Inc. has a 1-year low of $101.26 and a 1-year high of $188.11. The business’s 50 day moving average is $129.52 and its 200-day moving average is $130.72.

Amazon.com (NASDAQ:AMZNGet Rating) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to the consensus estimate of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. Amazon.com’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares in the company, valued at approximately $8,738,302.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total transaction of $1,519,704.80. Following the completion of the transaction, the senior vice president now owns 60,260 shares in the company, valued at approximately $8,738,302.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 23,620 shares of Amazon.com stock in a transaction on Monday, August 15th. The shares were sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the transaction, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at approximately $269,212,680. The disclosure for this sale can be found here. Insiders sold 70,628 shares of company stock worth $9,802,599 in the last 90 days. 12.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. UBS Group raised their target price on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Rosenblatt Securities raised their target price on Amazon.com to $118.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Canaccord Genuity Group increased their price target on Amazon.com from $185.00 to $200.00 in a research report on Friday, July 29th. Redburn Partners started coverage on Amazon.com in a research report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on Amazon.com from $200.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $176.61.

Amazon.com Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

Further Reading

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

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