AGF Investments Inc. Has $313.93 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AGF Investments Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 96,300 shares of the e-commerce giant’s stock after selling 4,430 shares during the period. Amazon.com comprises approximately 2.4% of AGF Investments Inc.’s investment portfolio, making the stock its 2nd biggest holding. AGF Investments Inc.’s holdings in Amazon.com were worth $313,933,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock valued at $579,225,000 after purchasing an additional 2,686 shares during the last quarter. Graypoint LLC lifted its holdings in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock valued at $5,555,000 after purchasing an additional 625 shares during the last quarter. Castle Rock Wealth Management LLC lifted its holdings in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock valued at $5,422,000 after purchasing an additional 164 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Amazon.com by 10.0% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,917 shares of the e-commerce giant’s stock valued at $42,109,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Egerton Capital UK LLP lifted its holdings in Amazon.com by 32.2% during the first quarter. Egerton Capital UK LLP now owns 369,920 shares of the e-commerce giant’s stock valued at $1,205,921,000 after purchasing an additional 90,008 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Amazon.com Stock Down 0.2 %

Shares of Amazon.com stock opened at $127.51 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. Amazon.com, Inc. has a 52-week low of $101.26 and a 52-week high of $188.11. The stock has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 114.31, a P/E/G ratio of 5.83 and a beta of 1.33. The company’s 50 day moving average price is $125.52 and its 200-day moving average price is $132.89.

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion during the quarter, compared to analysts’ expectations of $119.16 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 0.98 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on AMZN shares. Piper Sandler upped their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Itaú Unibanco assumed coverage on shares of Amazon.com in a report on Tuesday, July 26th. They set an “outperform” rating and a $146.00 price objective on the stock. DA Davidson reissued a “buy” rating and issued a $151.00 price target on shares of Amazon.com in a report on Friday, August 5th. Redburn Partners assumed coverage on shares of Amazon.com in a report on Wednesday, June 29th. They issued a “buy” rating and a $270.00 price target on the stock. Finally, Cowen increased their price target on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $177.99.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 23,620 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $142.29, for a total value of $3,360,889.80. Following the completion of the sale, the chief executive officer now owns 1,892,000 shares of the company’s stock, valued at $269,212,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP David Zapolsky sold 10,480 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $145.01, for a total value of $1,519,704.80. Following the completion of the sale, the senior vice president now owns 60,260 shares of the company’s stock, valued at $8,738,302.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 23,620 shares of the firm’s 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 transaction, the chief executive officer now directly 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 70,108 shares of company stock valued at $9,736,335 over the last quarter. 12.70% of the stock is owned by company insiders.

About Amazon.com

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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.

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

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