Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 916,487 shares of the e-commerce giant’s stock after purchasing an additional 58,413 shares during the period. Amazon.com accounts for approximately 6.6% of Investment Management Corp of Ontario’s holdings, making the stock its 3rd biggest holding. Investment Management Corp of Ontario’s holdings in Amazon.com were worth $201,068,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMZN. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $5,651,000. Ionic Capital Management LLC grew its stake in shares of Amazon.com by 92.0% during the fourth quarter. Ionic Capital Management LLC now owns 2,400 shares of the e-commerce giant’s stock worth $527,000 after purchasing an additional 1,150 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Amazon.com by 22.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,269,091 shares of the e-commerce giant’s stock valued at $497,816,000 after purchasing an additional 414,546 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Amazon.com by 7.1% in the fourth quarter. Janus Henderson Group PLC now owns 32,662,084 shares of the e-commerce giant’s stock valued at $7,165,639,000 after buying an additional 2,159,059 shares during the period. Finally, Junto Capital Management LP boosted its holdings in Amazon.com by 194.4% during the fourth quarter. Junto Capital Management LP now owns 374,734 shares of the e-commerce giant’s stock worth $82,213,000 after buying an additional 247,442 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

NASDAQ AMZN opened at $200.99 on Tuesday. The firm has a 50-day moving average price of $190.16 and a two-hundred day moving average price of $208.75. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.13 trillion, a P/E ratio of 36.35, a P/E/G ratio of 1.50 and a beta of 1.30. 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 released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 506,974 shares of the company’s stock, valued at approximately $96,664,732.58. This represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 2,148,694 shares in the company, valued at $432,532,102.20. The trade was a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their price target on Amazon.com from $287.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Citizens Jmp cut their target price on shares of Amazon.com from $285.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Morgan Stanley reduced their price target on shares of Amazon.com from $280.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Mizuho reduced their target price on Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

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.