Caisse DE Depot ET Placement DU Quebec Raises Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Caisse DE Depot ET Placement DU Quebec raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 37.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,849,322 shares of the e-commerce giant’s stock after buying an additional 1,603,414 shares during the quarter. Amazon.com comprises about 2.2% of Caisse DE Depot ET Placement DU Quebec’s holdings, making the stock its 7th largest position. Caisse DE Depot ET Placement DU Quebec’s holdings in Amazon.com were worth $1,089,904,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Circle Wealth Management LLC raised its stake in shares of Amazon.com by 1.4% in the third quarter. Circle Wealth Management LLC now owns 287,562 shares of the e-commerce giant’s stock valued at $53,581,000 after buying an additional 3,908 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of Amazon.com in the third quarter valued at $14,648,000. Auxier Asset Management grew its position in shares of Amazon.com by 3.4% in the third quarter. Auxier Asset Management now owns 6,090 shares of the e-commerce giant’s stock valued at $1,135,000 after purchasing an additional 200 shares in the last quarter. Captrust Financial Advisors grew its position in shares of Amazon.com by 4.6% in the third quarter. Captrust Financial Advisors now owns 1,842,976 shares of the e-commerce giant’s stock valued at $343,402,000 after purchasing an additional 80,651 shares in the last quarter. Finally, William Allan Corp grew its position in shares of Amazon.com by 2.0% in the third quarter. William Allan Corp now owns 19,319 shares of the e-commerce giant’s stock valued at $3,600,000 after purchasing an additional 382 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 0.0 %

AMZN stock opened at $222.13 on Thursday. Amazon.com, Inc. has a fifty-two week low of $148.21 and a fifty-two week high of $233.00. The business’s 50 day moving average price is $215.07 and its two-hundred day moving average price is $194.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock worth $1,253,456,822 in the last 90 days. Insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Pivotal Research initiated coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Royal Bank of Canada boosted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Roth Mkm boosted their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

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.