Chartwell Investment Partners LLC Has $45.43 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Chartwell Investment Partners LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,835 shares of the e-commerce giant’s stock after selling 14,449 shares during the quarter. Amazon.com comprises approximately 1.6% of Chartwell Investment Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Chartwell Investment Partners LLC’s holdings in Amazon.com were worth $45,433,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the period. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the third quarter worth about $45,000. Values First Advisors Inc. bought a new position in shares of Amazon.com during the 3rd quarter valued at about $56,000. Finally, Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Monday, December 16th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a research report on Wednesday, November 20th. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price target on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $243.00.

Insider Activity

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,034,534 shares of company stock valued at $1,253,883,872. 10.80% of the stock is owned by company insiders.

Amazon.com Trading Up 0.7 %

Shares of NASDAQ:AMZN opened at $224.92 on Friday. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The business has a 50 day moving average of $205.83 and a 200-day moving average of $191.38. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.37 trillion, a PE ratio of 48.16, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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 return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Amazon.com Profile

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.