AGF Management Ltd. Has $640.27 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

AGF Management Ltd. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,313,188 shares of the e-commerce giant’s stock after selling 241,332 shares during the period. Amazon.com comprises about 3.6% of AGF Management Ltd.’s holdings, making the stock its 2nd biggest position. AGF Management Ltd.’s holdings in Amazon.com were worth $640,274,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. South Street Advisors LLC increased its stake in shares of Amazon.com by 0.7% during the 2nd quarter. South Street Advisors LLC now owns 21,183 shares of the e-commerce giant’s stock worth $4,094,000 after purchasing an additional 155 shares during the last quarter. Blue Square Asset Management LLC grew its holdings in Amazon.com by 20.7% during the second quarter. Blue Square Asset Management LLC now owns 22,073 shares of the e-commerce giant’s stock valued at $4,266,000 after purchasing an additional 3,793 shares during the period. Angeles Wealth Management LLC increased its position in Amazon.com by 6.4% in the second quarter. Angeles Wealth Management LLC now owns 46,082 shares of the e-commerce giant’s stock worth $8,905,000 after buying an additional 2,780 shares during the last quarter. Brasada Capital Management LP raised its stake in shares of Amazon.com by 21.0% in the second quarter. Brasada Capital Management LP now owns 79,538 shares of the e-commerce giant’s stock valued at $15,504,000 after buying an additional 13,809 shares during the period. Finally, Carson Advisory Inc. lifted its position in shares of Amazon.com by 1.8% during the 2nd quarter. Carson Advisory Inc. now owns 6,889 shares of the e-commerce giant’s stock valued at $1,331,000 after buying an additional 124 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $188.82 on Friday. The company has a 50-day simple moving average of $179.58 and a two-hundred day simple moving average of $183.14. Amazon.com, Inc. has a 12-month low of $118.35 and a 12-month high of $201.20. The firm has a market cap of $1.98 trillion, a price-to-earnings ratio of 45.17, a PEG ratio of 1.38 and a beta of 1.14. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, equities analysts forecast that Amazon.com, Inc. will post 4.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMZN shares. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Evercore ISI restated an “outperform” rating and set a $240.00 price target on shares of Amazon.com in a research note on Friday. UBS Group lifted their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.00.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

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.