CHICAGO TRUST Co NA increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.2% in the 2nd quarter, HoldingsChannel reported. The fund owned 48,882 shares of the e-commerce giant after acquiring an additional 3,692 shares during the period. Amazon.com accounts for 1.9% of CHICAGO TRUST Co NA’s holdings, which ranks it as the stock’s ninth-largest. CHICAGO TRUST Co NA’s holdings in Amazon.com were worth $9,446,000, according to its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also adjusted their holdings in the company. CCM Investment Advisers LLC increased its position in Amazon.com by 0.6% in the second quarter. CCM Investment Advisers LLC now owns 148,560 shares of the e-commerce giant’s stock worth $28,709,000 after purchasing an additional 896 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Amazon.com in the second quarter worth about $329,572,000. Duncan Williams Asset Management LLC increased its stake in shares of Amazon.com by 6.4% in the second quarter. Duncan Williams Asset Management LLC now owns 9,846 shares of the e-commerce giant’s stock worth $1,903,000 after purchasing an additional 588 shares in the last quarter. Cadent Capital Advisors LLC increased its holdings in Amazon.com by 13.2% in the second quarter. Cadent Capital Advisors LLC now owns 2,047 shares of the e-commerce giant’s stock worth $396,000 after buying an additional 239 shares in the last quarter. Finally, Global Trust Asset Management LLC increased its position in Amazon.com by 3.3% in the second quarter. Global Trust Asset Management LLC now owns 15,742 shares of the e-commerce giant’s stock worth $3,042,000 after buying an additional 502 shares in the last quarter. 72.20% of the stock is held by institutional investors and hedge funds.

Amazon.com Price Performance

Amazon.com shares opened Friday at $176.13. The company has a 50-day simple moving average of $183.91 and a 200-day simple moving average of $180.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 49.34, a price-to-earnings growth ratio of 1.32 and a beta of 1.15. Amazon.com, Inc. has a one-year low of $118.35 and a one-year high of $201.20.

Analysts set new price targets

Several analysts have commented on the stock. Evercore ISI raised their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. TD Securities raised their price target on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. JMP Securities affirmed a “market outperform” rating and gave the stock a $225.00 price target in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Raymond James raised their price target on Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $221.69.

Check out our latest research report on AMZN

Insiders place their bets

In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC’s website. In other news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at $11,602,500. The disclosure for this sale can be found here. Insiders sold 6,059,152 shares of the company’s stock worth $1,212,453,840 in the last three months. Currently, 10.80% of the shares are held by company insiders.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc. engages in the retailing of consumer products, advertising, and subscriptions 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.

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Want to know which other hedge funds own AMZN shares? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Amazon.com, Inc. (NASDAQ:AMZN – Free Report).

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