Amazon.com, Inc. (NASDAQ:AMZN) Holdings Boosted by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,042,516 shares of the e-commerce giant’s stock after purchasing an additional 484,125 shares during the quarter. Amazon.com makes up 1.3% of Cibc World Market Inc.’s portfolio, making the stock its 19th largest holding. Cibc World Market Inc.’s holdings in Amazon.com were worth $587,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cooksen Wealth LLC acquired a new position in Amazon.com during the 4th quarter valued at about $30,000. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $46,000. Christopher J. Hasenberg Inc boosted its position in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the period. Finally, Steph & Co. bought a new position in Amazon.com in the 1st quarter worth approximately $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMZN shares. Sanford C. Bernstein boosted their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Pivotal Research started coverage on shares of Amazon.com in a report on Friday. They issued a “buy” rating and a $260.00 price objective for the company. Rosenblatt Securities increased their target price on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Telsey Advisory Group restated an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday. Finally, Robert W. Baird increased their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by corporate insiders.

Amazon.com Trading Up 1.2 %

Amazon.com stock opened at $188.82 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $118.35 and a 12 month high of $201.20. The company’s fifty day simple moving average is $179.58 and its 200-day simple moving average is $183.14. The stock has a market cap of $1.98 trillion, a P/E ratio of 45.17, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

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.