CIBC Private Wealth Group LLC Sells 337,815 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

CIBC Private Wealth Group LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,695,476 shares of the e-commerce giant's stock after selling 337,815 shares during the quarter. Amazon.com comprises approximately 4.3% of CIBC Private Wealth Group LLC's holdings, making the stock its 3rd largest position. CIBC Private Wealth Group LLC owned 0.10% of Amazon.com worth $2,375,786,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMZN. Rench Wealth Management Inc. grew its position in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares in the last quarter. Momentous Wealth Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC grew its holdings in shares of Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares in the last quarter. Blankinship & Foster LLC increased its position in shares of Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock valued at $1,291,000 after purchasing an additional 4,740 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 173.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

Amazon.com Trading Up 3.1 %

NASDAQ AMZN traded up $5.78 during trading hours on Thursday, hitting $190.20. The company's stock had a trading volume of 71,774,152 shares, compared to its average volume of 41,799,753. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 34.39, a PEG ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $191.39 and a 200 day moving average of $207.74.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent research reports. Canaccord Genuity Group reiterated a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Royal Bank of Canada lifted their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. HSBC upped their target price on shares of Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Telsey Advisory Group cut their price target on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Finally, Loop Capital upped their price objective on Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $246.50.

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.