Amazon.com, Inc. (NASDAQ:AMZN) is Caisse DE Depot ET Placement DU Quebec’s 6th Largest Position

Caisse DE Depot ET Placement DU Quebec lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,799,265 shares of the e-commerce giant’s stock after selling 1,050,057 shares during the quarter. Amazon.com comprises approximately 2.2% of Caisse DE Depot ET Placement DU Quebec’s holdings, making the stock its 6th largest holding. Caisse DE Depot ET Placement DU Quebec’s holdings in Amazon.com were worth $1,052,911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $27,000. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter valued at about $35,000. Perritt Capital Management Inc boosted its stake in Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new position in Amazon.com during the 4th quarter valued at $51,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.0%

AMZN opened at $204.07 on Wednesday. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock’s fifty day moving average is $189.68 and its 200-day moving average is $208.79. The company has a market capitalization of $2.17 trillion, a PE ratio of 36.90, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for 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%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. BNP Paribas raised Amazon.com to a “hold” rating in a report on Wednesday, April 30th. Citizens Jmp reduced their target price on Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Evercore ISI reduced their target price on Amazon.com from $270.00 to $260.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $205.05, for a total transaction of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at approximately $105,426,457.50. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,081 shares of company stock valued at $17,421,044. Company insiders own 9.70% of the company’s stock.

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.