BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,618,077 shares of the e-commerce giant's stock after purchasing an additional 490,831 shares during the quarter. Amazon.com accounts for 3.4% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's portfolio, making the stock its 4th largest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Amazon.com were worth $574,380,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMZN. Regent Peak Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 318 shares in the last quarter. Tallon Kerry Patrick acquired a new position in Amazon.com in the 4th quarter worth approximately $800,000. Capital & Planning LLC grew its position in Amazon.com by 72.1% during the 4th quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock worth $856,000 after purchasing an additional 1,635 shares in the last quarter. Financial Advisors LLC grew its position in Amazon.com by 1.3% during the 4th quarter. Financial Advisors LLC now owns 9,663 shares of the e-commerce giant's stock worth $2,120,000 after purchasing an additional 125 shares in the last quarter. Finally, Riversedge Advisors LLC raised its stake in Amazon.com by 18.0% during the 4th quarter. Riversedge Advisors LLC now owns 7,095 shares of the e-commerce giant's stock valued at $1,557,000 after purchasing an additional 1,081 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock traded up $1.52 during trading hours on Wednesday, hitting $207.23. The stock had a trading volume of 29,843,929 shares, compared to its average volume of 41,930,997. The company has a 50-day moving average of $190.77 and a two-hundred day moving average of $208.61. 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 fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a market cap of $2.20 trillion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

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

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,000,233.60. Following the completion of the transaction, the chief executive officer now owns 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares in the company, valued at $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock valued at $20,531,075 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $244.89.

About Amazon.com

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.