Amazon.com, Inc. (NASDAQ:AMZN) is Cibc World Markets Corp's 5th Largest Position

Cibc World Markets Corp increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,806,921 shares of the e-commerce giant's stock after buying an additional 445,083 shares during the quarter. Amazon.com accounts for about 3.6% of Cibc World Markets Corp's portfolio, making the stock its 5th largest position. Cibc World Markets Corp's holdings in Amazon.com were worth $615,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. SouthState Corp lifted its stake in shares of Amazon.com by 0.9% during the fourth quarter. SouthState Corp now owns 169,217 shares of the e-commerce giant's stock worth $37,125,000 after buying an additional 1,569 shares during the period. Addison Capital Co grew its stake in shares of Amazon.com by 1.3% during the 4th quarter. Addison Capital Co now owns 16,832 shares of the e-commerce giant's stock worth $3,693,000 after purchasing an additional 224 shares during the period. Gray Wealth Management Inc. increased its holdings in shares of Amazon.com by 2.1% during the 4th quarter. Gray Wealth Management Inc. now owns 17,216 shares of the e-commerce giant's stock valued at $3,777,000 after purchasing an additional 357 shares in the last quarter. Yardley Wealth Management LLC grew its position in Amazon.com by 54.5% during the fourth quarter. Yardley Wealth Management LLC now owns 2,333 shares of the e-commerce giant's stock valued at $485,000 after buying an additional 823 shares during the period. Finally, Eaton Financial Holdings Company LLC increased its holdings in Amazon.com by 0.7% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 21,283 shares of the e-commerce giant's stock valued at $4,669,000 after buying an additional 153 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares of the company's stock, 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. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Canaccord Genuity Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Barclays boosted their price target on shares of Amazon.com from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $275.00 price objective on shares of Amazon.com in a report on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, HSBC upped their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $249.90.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $5.29 during midday trading on Monday, hitting $167.32. The company had a trading volume of 47,976,369 shares, compared to its average volume of 41,753,985. 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 business has a 50-day simple moving average of $197.21 and a two-hundred day simple moving average of $208.09. 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 $1.77 trillion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.