Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,342,294 shares of the e-commerce giant’s stock after selling 360,476 shares during the period. Amazon.com makes up 1.8% of Caisse DE Depot ET Placement DU Quebec’s portfolio, making the stock its 7th biggest position. Caisse DE Depot ET Placement DU Quebec owned about 0.05% of Amazon.com worth $603,679,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Amazon.com by 1,838.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares during the period. FMR LLC lifted its holdings in Amazon.com by 1,792.4% in the second quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares during the period. Northern Trust Corp lifted its holdings in Amazon.com by 1,867.0% in the second quarter. Northern Trust Corp now owns 94,997,372 shares of the e-commerce giant’s stock valued at $10,089,669,000 after acquiring an additional 90,167,792 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Amazon.com by 1,944.4% in the second quarter. Legal & General Group Plc now owns 59,977,393 shares of the e-commerce giant’s stock valued at $6,370,223,000 after acquiring an additional 57,043,701 shares during the period. 57.64% of the stock is owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $90.73 on Friday. The stock has a 50 day moving average price of $95.85 and a 200-day moving average price of $102.78. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.72 and a current ratio of 0.94. The stock has a market cap of $929.73 billion, a price-to-earnings ratio of -338.53, a price-to-earnings-growth ratio of 3.80 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. Amazon.com’s revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Amazon.com, Inc. will post 1.34 EPS for the current year.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Amazon.com in a research note on Friday, February 3rd. Morgan Stanley raised their price objective on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. raised their price objective on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Moffett Nathanson initiated coverage on Amazon.com in a research note on Tuesday, November 15th. They issued an “outperform” rating and a $118.00 price objective on the stock. Finally, Piper Sandler raised their price objective on Amazon.com from $119.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.87.
Insider Activity at Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $11,368,319.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $11,368,319.80. The disclosure for this sale can be found here. Insiders sold a total of 71,394 shares of company stock worth $6,994,626 in the last quarter. 12.70% of the stock is owned by company insiders.
Amazon.com Profile
Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.
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