Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,799,265 shares of the e-commerce giant's stock after selling 1,050,057 shares during the quarter. Amazon.com comprises about 2.2% of Caisse DE Depot ET Placement DU Quebec's portfolio, making the stock its 6th largest position. Caisse DE Depot ET Placement DU Quebec's holdings in Amazon.com were worth $1,052,911,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMZN. Regent Peak Wealth Advisors LLC increased its stake in Amazon.com by 0.7% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 45,153 shares of the e-commerce giant's stock worth $9,906,000 after purchasing an additional 318 shares during the period. Weaver Consulting Group boosted its stake in shares of Amazon.com by 16.8% during the fourth quarter. Weaver Consulting Group now owns 14,152 shares of the e-commerce giant's stock valued at $3,105,000 after purchasing an additional 2,035 shares during the period. Worth Asset Management LLC grew its holdings in shares of Amazon.com by 2.1% in the fourth quarter. Worth Asset Management LLC now owns 3,638 shares of the e-commerce giant's stock worth $798,000 after purchasing an additional 76 shares during the last quarter. Hilltop Wealth Advisors LLC grew its holdings in shares of Amazon.com by 12.4% in the fourth quarter. Hilltop Wealth Advisors LLC now owns 1,483 shares of the e-commerce giant's stock worth $325,000 after purchasing an additional 164 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in Amazon.com by 0.7% in the 4th quarter. Fulton Bank N.A. now owns 141,604 shares of the e-commerce giant's stock worth $31,066,000 after buying an additional 924 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on AMZN. Truist Financial lowered their price objective on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Scotiabank decreased their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Finally, Stifel Nicolaus lowered their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average price target of $244.09.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company's stock, valued at approximately $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,081 shares of company stock worth $17,421,044 in the last 90 days. Insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock traded up $1.98 during midday trading on Thursday, hitting $203.10. The company had a trading volume of 38,797,180 shares, compared to its average volume of 41,908,253. The company has a fifty day simple moving average of $189.74 and a 200 day simple moving average of $208.74. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.50 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share 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.