Amazon.com, Inc. (NASDAQ:AMZN) Position Raised by Investment Management Corp of Ontario

Investment Management Corp of Ontario increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 916,487 shares of the e-commerce giant's stock after acquiring an additional 58,413 shares during the period. Amazon.com comprises approximately 6.6% of Investment Management Corp of Ontario's holdings, making the stock its 3rd largest position. Investment Management Corp of Ontario's holdings in Amazon.com were worth $201,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Momentous Wealth Management Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $749,000. Segall Bryant & Hamill LLC boosted its holdings in Amazon.com by 14.3% in the fourth 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 during the last quarter. Evergreen Capital Management LLC grew its position in Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC purchased a new stake in Amazon.com during the 4th quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Amazon.com by 173.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total transaction of $4,211,799.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $202.41, for a total transaction of $2,746,703.70. Following the completion of the sale, the senior vice president now owns 47,030 shares in the company, valued at $9,519,342.30. This represents a 22.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,537 shares of company stock valued at $20,018,625 in the last quarter. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

AMZN stock traded up $5.03 during mid-day trading on Tuesday, hitting $206.02. The company had a trading volume of 34,776,251 shares, compared to its average volume of 41,992,472. The company has a 50-day moving average price of $190.16 and a 200 day moving average price of $208.75. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 37.25, a P/E/G 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 (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping 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%. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMZN. Tigress Financial raised their price target on Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Citigroup reissued an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. UBS Group restated a "buy" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Maxim Group increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, Mizuho dropped their price objective on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Four 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, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

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.