Desjardins Global Asset Management Inc. Cuts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Desjardins Global Asset Management Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 90,727 shares of the e-commerce giant’s stock after selling 29,878 shares during the quarter. Amazon.com accounts for about 1.5% of Desjardins Global Asset Management Inc.’s portfolio, making the stock its 10th biggest holding. Desjardins Global Asset Management Inc.’s holdings in Amazon.com were worth $13,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PayPay Securities Corp grew its holdings in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new position in shares of Amazon.com during the 4th quarter worth approximately $57,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $49,000. Finally, AM Squared Ltd acquired a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $76,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. UBS Group boosted their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. TD Cowen upped their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 target price on shares of Amazon.com in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $211.07.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at $339,670,375.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is owned by insiders.

Amazon.com Trading Up 0.8 %

Shares of AMZN opened at $186.21 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. Amazon.com, Inc. has a 52-week low of $103.31 and a 52-week high of $189.77. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.38 and a beta of 1.15. The business’s fifty day moving average is $179.02 and its 200-day moving average is $160.75.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current fiscal year.

Amazon.com Company 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.