Chickasaw Capital Management LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Chickasaw Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,275 shares of the e-commerce giant’s stock after purchasing an additional 6,770 shares during the quarter. Amazon.com comprises about 0.2% of Chickasaw Capital Management LLC’s portfolio, making the stock its 28th biggest position. Chickasaw Capital Management LLC’s holdings in Amazon.com were worth $4,448,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMZN. Fortitude Family Office LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $665,000. My Legacy Advisors LLC grew its stake in Amazon.com by 1.4% during the 4th quarter. My Legacy Advisors LLC now owns 20,109 shares of the e-commerce giant’s stock worth $3,121,000 after buying an additional 275 shares during the last quarter. Financial Management Professionals Inc. grew its stake in Amazon.com by 34.6% during the 4th quarter. Financial Management Professionals Inc. now owns 10,334 shares of the e-commerce giant’s stock worth $1,570,000 after buying an additional 2,659 shares during the last quarter. Empirical Asset Management LLC grew its stake in Amazon.com by 7.2% during the 4th quarter. Empirical Asset Management LLC now owns 3,145 shares of the e-commerce giant’s stock worth $478,000 after buying an additional 210 shares during the last quarter. Finally, Eagle Rock Investment Company LLC grew its stake in Amazon.com by 0.5% during the 4th quarter. Eagle Rock Investment Company LLC now owns 30,670 shares of the e-commerce giant’s stock worth $4,660,000 after buying an additional 151 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN stock opened at $180.38 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $170.29 and a 200-day simple moving average of $151.27. The firm has a market capitalization of $1.87 trillion, a PE ratio of 62.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. Amazon.com, Inc. has a 1 year low of $97.71 and a 1 year high of $181.70.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion for the quarter, compared to analysts’ expectations of $165.96 billion. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 5,556 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the completion of the transaction, the director now owns 109,664 shares in the company, valued at $19,739,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,210,510 shares of company stock worth $5,505,223,106. Insiders own 12.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. JMP Securities boosted their target price on Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Benchmark boosted their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson boosted their target price on Amazon.com from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, TD Cowen lifted their price target on Amazon.com from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $197.95.

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.