TD Asset Management Inc Sells 3,023,818 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

TD Asset Management Inc cut its holdings in Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,640,919 shares of the e-commerce giant’s stock after selling 3,023,818 shares during the period. Amazon.com accounts for 1.4% of TD Asset Management Inc’s holdings, making the stock its 11th biggest holding. TD Asset Management Inc owned 0.09% of Amazon.com worth $1,464,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Convergence Investment Partners LLC increased its holdings in shares of Amazon.com by 3.2% in the third quarter. Convergence Investment Partners LLC now owns 23,356 shares of the e-commerce giant’s stock worth $2,969,000 after purchasing an additional 719 shares during the last quarter. Seven Post Investment Office LP increased its stake in Amazon.com by 1.9% in the 3rd quarter. Seven Post Investment Office LP now owns 4,300 shares of the e-commerce giant’s stock worth $547,000 after acquiring an additional 80 shares during the last quarter. Dai ichi Life Insurance Company Ltd raised its holdings in shares of Amazon.com by 0.5% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 622,157 shares of the e-commerce giant’s stock worth $79,089,000 after acquiring an additional 3,301 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Amazon.com by 17.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 14,426 shares of the e-commerce giant’s stock valued at $1,834,000 after acquiring an additional 2,182 shares during the last quarter. Finally, Platinum Investment Management Ltd. grew its holdings in shares of Amazon.com by 209.9% in the third quarter. Platinum Investment Management Ltd. now owns 22,613 shares of the e-commerce giant’s stock valued at $2,875,000 after purchasing an additional 15,315 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal 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 dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now owns 132,600 shares in the company, valued at approximately $23,868,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN opened at $184.30 on Friday. The firm has a market capitalization of $1.92 trillion, a PE ratio of 51.62, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50-day moving average is $182.53 and its two-hundred day moving average is $168.83. Amazon.com, Inc. has a 1 year low of $118.35 and a 1 year high of $191.70.

Amazon.com (NASDAQ:AMZNGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Research analysts anticipate that Amazon.com, Inc. will post 4.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Raymond James increased their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. BMO Capital Markets boosted their price objective on Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $213.82.

Check Out Our Latest Report on Amazon.com

Amazon.com Company Profile

(Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.