Desjardins Global Asset Management Inc. Reduces Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Desjardins Global Asset Management Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% in the fourth quarter, Holdings Channel reports. The firm owned 90,727 shares of the e-commerce giant’s stock after selling 29,878 shares during the quarter. Amazon.com accounts for 1.5% of Desjardins Global Asset Management Inc.’s holdings, making the stock its 10th biggest holding. Desjardins Global Asset Management Inc.’s holdings in Amazon.com were worth $13,785,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. PayPay Securities Corp grew its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Amazon.com in the third quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Amazon.com in the fourth quarter worth $57,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $186.21 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $179.02 and a 200-day simple moving average of $160.75. Amazon.com, Inc. has a 52 week low of $103.31 and a 52 week high of $189.77. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same quarter in the previous year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $180.29, for a total value of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at $91,832,153.82. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 32,217,010 shares of company stock worth $5,506,442,301 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMZN shares. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Morgan Stanley boosted their target price on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Susquehanna increased their price objective on Amazon.com from $185.00 to $220.00 and gave the company a “positive” rating in a report on Friday, February 2nd. Robert W. Baird increased their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $211.07.

About Amazon.com

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.