JARISLOWSKY FRASER Ltd Lowers Position in Amazon.com, Inc. (NASDAQ:AMZN)

JARISLOWSKY FRASER Ltd lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,009,385 shares of the e-commerce giant’s stock after selling 128,594 shares during the period. Amazon.com makes up approximately 2.6% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 13th biggest holding. JARISLOWSKY FRASER Ltd’s holdings in Amazon.com were worth $436,049,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its position in Amazon.com by 0.7% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant’s stock worth $9,906,000 after purchasing an additional 318 shares in the last quarter. RMR Wealth Builders lifted its position in Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant’s stock valued at $15,450,000 after buying an additional 1,690 shares in the last quarter. Mayfair Advisory Group LLC grew its stake in Amazon.com by 13.4% during the fourth quarter. Mayfair Advisory Group LLC now owns 5,697 shares of the e-commerce giant’s stock worth $1,250,000 after buying an additional 672 shares during the period. Fiduciary Financial Group LLC increased its position in shares of Amazon.com by 19.5% in the fourth quarter. Fiduciary Financial Group LLC now owns 9,249 shares of the e-commerce giant’s stock worth $2,025,000 after acquiring an additional 1,511 shares in the last quarter. Finally, 626 Financial LLC raised its stake in shares of Amazon.com by 0.6% in the 4th quarter. 626 Financial LLC now owns 36,176 shares of the e-commerce giant’s stock valued at $7,937,000 after acquiring an additional 229 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. Evercore ISI decreased their price target on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. UBS Group restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 6th. Oppenheimer decreased their target price on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Maxim Group increased their target price on Amazon.com from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $244.09.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the business’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 over the last quarter. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $200.99 on Tuesday. The firm has a market capitalization of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The stock’s fifty day moving average is $190.16 and its 200-day moving average is $208.75. 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.

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

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.