Cibc World Markets Corp Raises Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Cibc World Markets Corp lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 18.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,806,921 shares of the e-commerce giant’s stock after acquiring an additional 445,083 shares during the quarter. Amazon.com accounts for about 3.6% of Cibc World Markets Corp’s holdings, making the stock its 5th biggest holding. Cibc World Markets Corp’s holdings in Amazon.com were worth $615,810,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in Amazon.com by 3.3% during the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after buying an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its stake in shares of Amazon.com by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after acquiring an additional 6,545,944 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Amazon.com by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock valued at $14,719,407,000 after acquiring an additional 545,292 shares during the period. Charles Schwab Investment Management Inc. grew its position in Amazon.com by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,638,207 shares of the e-commerce giant’s stock worth $13,084,026,000 after acquiring an additional 2,330,113 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Amazon.com by 3.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant’s stock worth $10,776,201,000 after purchasing an additional 1,984,592 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.0 %

AMZN opened at $172.51 on Friday. The stock has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.50 and a beta of 1.39. The firm has a 50 day moving average price of $199.65 and a 200-day moving average price of $207.97. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. Piper Sandler reissued an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Citigroup dropped their price target on shares of Amazon.com from $273.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. Citizens Jmp decreased their price objective on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday. Bank of America dropped their target price on shares of Amazon.com from $257.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Benchmark boosted their price target on Amazon.com from $215.00 to $265.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $252.73.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by insiders.

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.