CANADA LIFE ASSURANCE Co Has $1.80 Billion Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

CANADA LIFE ASSURANCE Co increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,199,111 shares of the e-commerce giant's stock after acquiring an additional 321,252 shares during the quarter. Amazon.com comprises about 3.1% of CANADA LIFE ASSURANCE Co's holdings, making the stock its 4th biggest holding. CANADA LIFE ASSURANCE Co owned 0.08% of Amazon.com worth $1,797,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Accordant Advisory Group Inc raised its stake in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc raised its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. DA Davidson reduced their price target on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Bank of America reduced their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. BNP Paribas upgraded shares of Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Rosenblatt Securities increased their price target on shares of Amazon.com from $287.00 to $288.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Westpark Capital reiterated a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.09.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. The trade was a 22.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,798 shares of company stock worth $17,696,733. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Down 0.5%

Shares of AMZN traded down $1.12 during trading hours on Wednesday, hitting $210.25. The company had a trading volume of 38,323,768 shares, compared to its average volume of 41,980,232. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The firm has a fifty day moving average price of $188.72 and a 200-day moving average price of $208.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 1.50 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 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.