CIBC Private Wealth Group LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

CIBC Private Wealth Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 1,969.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,249,826 shares of the e-commerce giant’s stock after purchasing an additional 11,657,996 shares during the quarter. Amazon.com accounts for about 3.4% of CIBC Private Wealth Group LLC’s investment portfolio, making the stock its 3rd biggest position. CIBC Private Wealth Group LLC owned about 0.12% of Amazon.com worth $1,301,054,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. St. Johns Investment Management Company LLC increased its stake in Amazon.com by 1,912.3% in the second quarter. St. Johns Investment Management Company LLC now owns 23,061 shares of the e-commerce giant’s stock valued at $2,449,000 after acquiring an additional 21,915 shares during the period. Gs Investments Inc. increased its stake in Amazon.com by 2,218.6% in the second quarter. Gs Investments Inc. now owns 35,985 shares of the e-commerce giant’s stock valued at $4,828,000 after acquiring an additional 34,433 shares during the period. Camden Capital LLC increased its stake in Amazon.com by 1,099.3% in the second quarter. Camden Capital LLC now owns 29,203 shares of the e-commerce giant’s stock valued at $3,678,000 after acquiring an additional 26,768 shares during the period. Biechele Royce Advisors increased its stake in Amazon.com by 2,030.2% in the second quarter. Biechele Royce Advisors now owns 4,090 shares of the e-commerce giant’s stock valued at $434,000 after acquiring an additional 3,898 shares during the period. Finally, Cheviot Value Management LLC grew its stake in Amazon.com by 2,096.0% during the second quarter. Cheviot Value Management LLC now owns 62,367 shares of the e-commerce giant’s stock worth $6,624,000 after buying an additional 59,527 shares during the last quarter. Institutional investors own 57.15% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Jefferies Financial Group decreased their price objective on shares of Amazon.com from $165.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Barclays decreased their price objective on shares of Amazon.com from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Canaccord Genuity Group upped their price objective on shares of Amazon.com from $185.00 to $200.00 in a research note on Friday, July 29th. Sanford C. Bernstein decreased their price objective on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, StockNews.com began coverage on shares of Amazon.com in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.40.

Amazon.com Stock Up 1.0 %

Shares of AMZN stock opened at $94.13 on Thursday. The firm has a fifty day moving average of $109.13 and a 200-day moving average of $116.76. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $181.68. The company has a market capitalization of $960.28 billion, a price-to-earnings ratio of 86.40, a P/E/G ratio of 6.18 and a beta of 1.23.

Amazon.com (NASDAQ:AMZNGet Rating) last released its earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. The business had revenue of $127.10 billion during the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, equities research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total value of $66,263.60. Following the completion of the transaction, the chief executive officer now owns 115,680 shares of the company’s stock, valued at $14,741,102.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction on Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $329,000.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $11,259,320. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $127.43, for a total transaction of $66,263.60. Following the completion of the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,988 shares of company stock valued at $11,164,283. Corporate insiders own 12.70% of the company’s stock.

Amazon.com Company 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

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

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