Canada Pension Plan Investment Board Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Canada Pension Plan Investment Board boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 48.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,395,483 shares of the e-commerce giant’s stock after acquiring an additional 3,052,738 shares during the quarter. Amazon.com accounts for approximately 2.0% of Canada Pension Plan Investment Board’s portfolio, making the stock its 6th largest holding. Canada Pension Plan Investment Board owned about 0.09% of Amazon.com worth $2,061,275,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC boosted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock worth $72,061,766,000 after purchasing an additional 1,725,664 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after purchasing an additional 5,015,380 shares during the period. Norges Bank purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,266,582,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,092,427 shares of the e-commerce giant’s stock worth $14,719,407,000 after purchasing an additional 545,292 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the sale, the chief executive officer now owns 506,974 shares in the company, valued at $96,664,732.58. This represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,798 shares of company stock valued at $17,486,053. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 1.3%

Amazon.com stock opened at $211.37 on Wednesday. The firm has a market cap of $2.24 trillion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30. The stock has a fifty day simple moving average of $188.72 and a two-hundred day simple moving average of $208.27. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMZN shares. Benchmark reiterated a “buy” rating and set a $260.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Oppenheimer dropped their target price on shares of Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.09.

Amazon.com Profile

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.