Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Cibc World Markets Corp

Cibc World Markets Corp cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 53.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,688,878 shares of the e-commerce giant’s stock after selling 1,934,129 shares during the quarter. Amazon.com makes up about 2.7% of Cibc World Markets Corp’s holdings, making the stock its 7th biggest holding. Cibc World Markets Corp’s holdings in Amazon.com were worth $190,843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Amazon.com by 1,869.1% during the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its stake in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Northern Trust Corp lifted its stake in Amazon.com by 1,867.0% during the 2nd quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc lifted its stake in Amazon.com by 1,944.4% during the 2nd quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after acquiring an additional 57,043,701 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 0.4 %

AMZN stock opened at $93.92 on Thursday. The firm has a fifty day moving average price of $95.55 and a 200 day moving average price of $103.36. Amazon.com, Inc. has a fifty-two week low of $81.43 and a fifty-two week high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The firm has a market cap of $962.42 billion, a PE ratio of -350.43, a price-to-earnings-growth ratio of 3.87 and a beta of 1.25.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $149.20 billion during the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Wedbush lowered their target price on shares of Amazon.com from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Piper Sandler upped their target price on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Erste Group Bank cut shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Roth Capital reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Finally, Rosenblatt Securities increased their price objective on shares of Amazon.com from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $144.87.

Insider Buying and Selling

In related news, CEO Adam Selipsky sold 5,100 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the completion of the sale, the chief executive officer now directly owns 124,180 shares in the company, valued at $13,837,377.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total value of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 over the last three months. 12.70% of the stock is owned by insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.